February 5, 2008
In all the back and forth on payday loans in the press and blogosphere, a study titled NC Consumers after Payday Lending by the Center for Community Capital at Univ. of North Carolina does seem to be getting as much play as it should. Though the Community Financial Services Association of America (CFSA), the trade [...]
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January 26, 2008
Over at Consumer Rights Watch, Mark Ireland has stated two truths about Payday lending:
1. Payday lending is a business that simply keeps people in debt, rather than provide them with an emergency safety net, and
2. Only enforcement of a comprehensive interest rate cap at or around 36 percent for small loans will solve the debt [...]
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