Payday Pundit has moved!!

As of April 19th, the Payday Pundit has a new host and has moved to www.paydaypundit.org.
Please be sure to update your favorites, bookmarks, links, etc. so you can continue to read the most up-to-date information on the payday lending industry.

Buckeye Surgeon: Welcome to the Real World

Just came across a blog by a surgeon in Ohio discussing the high taxes he paid in the Buckeye State.  In case Mr. Buckeye Surgeon is not paying attention to the debate over payday lending in Ohio…he may want to read what the National Taxpayers Union had to say about the impact a ban on payday lending [...]

Protecting Access to Credit in California

Legislators in California have debated the issue of payday lending and are in agreement that consumers need reasonable protections, but to prohibit payday lending wouldn’t help anyone.
I think that there is need for increased consumer protection. And I’d like to see, but I’m not interested in seeing a prohibition,” said Assemblywoman Liz Wolfe.
To see poor journalism at [...]

Center for Consumer Freedom Weighs in on Arkansas Attorney General

A consumer group has weighed in on the Arkansas payday loan debate saying this:
With the apparent success of his intimidation tactics, McDaniel joins the list of meddling elitists who couldn’t care less about soaring food prices. And the 500-plus employees of payday loan companies in Arkansas will join 80,000 other Americans at the back of [...]

George Will on “Predatory Lenders” and the liberal narrative

In his most recent column, George Will looks critically at all the hyperventilating about our nation’s economy in “crisis.”  When compared historically, Will demonstrates that our economic situation today is not really so bad. His insights into the subprime mortgage “crisis” is particularly noteworthy. He says about the small percentage of Americans who have taken subprime mortgages [...]

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. 

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 [...]