Increased Costs for Consumers in Kansas City

Show-Me Daily offers their take on Tuesday’s disappointing vote in Kansas City.  Unfortunately, when legislation like this is passed, it’s not just businesses that suffer.  Consumers end up feeling the squeeze. 

26,000 constituent letters delivered to OH legislators

More than 26,000 letters from payday lending customers and employees have been delivered to state legislators in Ohio.  The customers who’ve actually used the service should be a vital part of the payday lending debate.
From a resident of Columbus, OH:
Asthtabula County doesn’t have a lot of good jobs for people. You do run short paycheck to [...]

Consumer Freedom discusses Ark. situation

The free market  consumer group–Consumer Freedom–has this to say about the situation in Arkansas:
{The} announcement on Tuesday that most payday lending companies have caved is bad news for consumers who can’t get a loan but would prefer not to pawn their television or bounce a check.
You can read the rest here.

Left Leaning Blog Presents the Other Side of the Story in Ohio

Democrat Jeff Coryell provides some truly substantive discussion on a side of the payday loan issue which isn’t being covered by Ohio media.  
Joyce Beatty represents a district with severely underserved neighborhoods where both banking services and employment opportunities are scarce. (My own state representative, Barbara Boyd (D-Cleveland Heights), represents such areas in East Cleveland, and she has spoken to [...]

South Carolina Legislative Update

The State covers the latest developments of the payday lending debate in South Carolina. Coverage includes common-sense commentary from  S.C. Rep. Phillip Owens on payday lending businesses and their lending practices. 
The business man is not going to be irresponsible in his business practices — in this case, the lending business. He would like to get repaid.
An allegation [...]

Virginia’s Daily Press Dislikes Credit

Having published multiple editorials in support of banning payday lending (including one this morning), the Daily Press has moved on to advocating for the ban of car title loans.
 
I’d like to ask the Daily Press if there is any form of short-term credit they believe Virginians should have access to.  Maybe the Daily Press should dedicate some of [...]