Colorado Public Radio practices good journalism

A job well done to KCFR Colorado Public Radio host Ryan Warner on his segment today, “Lawmakers take close look at payday loans.”  Warner interviewed State Rep. Mark Ferrandino, sponsor of a bill that would force payday lenders to close in Colorado, and Ron Rockvan, a Colorado payday lender. 
Mr. Warner actually took the time to [...]

April 8th showdown in Kansas City on Payday Lending fee

A ballot initiative in Kansas City, MO, to be decided on April 8th, would impose a $1000 fee on payday loan stores.  Dwight McQuade, a local payday lender, is interviewed in the article.   From the piece:
         McQuade told KMBC’s Martin Augustine that his customers are primarily middle class people who need a quick loan when the [...]

ECON 101- Credit Crunch for Dummies

Unrelated to payday lending, but interesting nonetheless, ABC News details the mortgage situation in Econ 101: Credit Crunch for Dummies: A Step-by-Step Look at What Caused the Nation’s Economic Troubles. 

Salt Lake County Council has nothing better to do

Apparently, the Salt Lake County Council is underworked these days.   As this article notes, they are trying to extend a moratorium on payday lenders in the county.  One councilman is standing up for the payday lending industry:
“I perceive this as an anti-competition approach,” GOP Councilman Mark Crockett said, “that essentially grants local monopolies.”
A rep [...]

Auto sector next to feel credit crunch

This article says that consumers are reducing their monthly auto expenses, getting cheaper leases among other things.    The author says this will ripple throughout the economy.   How this will affect the payday lending industry remains to be seen, but article after article these days seems to point to an dramatic increase in the number of Americans [...]

Payday lenders to AG: See you in court

Looks like a lot of payday lenders in Arkansas have decided to stay open in the face of the state attorney general’s letter to close down  and will let the courts decide whether they can stay in business.  AG McDaniel discusses his next steps in this article.