New Hampshire payday lender speaks out

Thanks to Dave for sending the following to Payday Pundit…
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New Hampshire is on the verge of banning payday loans. I own a payday loan office in Manchester, NH. The following is a letter one of my employees wrote to address this injustice.

Guest Shot: Appalled at Legislatures effort on payday lending

February 22, 2008 6:00 AM

I am a payday [...]

Rally gets big media coverage

The rally in Denver not only drew lots of people, but lots of media coverage as well.   Here’s just a few of the stories.    Colorado Springs Gazette, Channel 7, and Rocky Mountain News.

Colorado payday lending employees rally for their jobs

More than 600 payday lending employees and supporters rallied on the steps of the Colorado Captiol on Tuesday to voice their opposition to a bill that would cap the interest rate of payday loans at 45 percent interest. Under a 45% APR cap, the fee per $100 would be $1.73.  Payday lenders would be forced to [...]

Seattle P-I picks up Check into Cash story

Nice to see a consumer blogger playing it straight.  This Seattle Post Intelligencer blogger picks up Check into Cash’s announcement with no commentary.   It’s also picked up by BizJournals.   Maybe politicians will get the message that a 36% rate cap IS A BAN.