Let's think about this for a minute. I can get 200.00 dollars for 14 days or untill my next payday or I can bounce a check for 5.00 for 30.00 and it will be paid. I am not sure if anyone else can see the difference here... I sure can. If a person does not use payday lending responsibly then I believe that is the fault of that person and not the lending company!! I do work for a payday lending company and have been in the past a consumer of payday loans. The area manager above surley doesn't know what they are talking about. Payday lending is regulated steeply and the state I live knows everything we do right down to over- shorts in cash on a daily basis. I think that the politicians are in our business enough and that doesn't necessarly just mean payday lending. As bpcr said we are members of the CFSA and they do help regulate and controll things!!
Corker shaping payday loan rules in financial reform package
Let's think about this for a minute. I can get 200.00 dollars for 14 days or untill my next payday or I can bounce a check for 5.00 for 30.00 and it will be paid. I am not sure if anyone else can see the difference here... I sure can. If a person does not use payday lending responsibly then I believe that is the fault of that person and not the lending company!! I do work for a payday lending company and have been in the past a consumer of payday loans. The area manager above surley doesn't know what they are talking about. Payday lending is regulated steeply and the state I live knows everything we do right down to over- shorts in cash on a daily basis. I think that the politicians are in our business enough and that doesn't necessarly just mean payday lending. As bpcr said we are members of the CFSA and they do help regulate and controll things!!