If payday lending proves a point against Obama, they’re for it. If anti-payday lending proves a point against Obama, they’re for it. It’s called consistency – they’re against Obama!
Enjoy it while you can, because unless you’re a high roller you will soon be paying for check-writing privileges. The price controls have also caused banks to deny credit to marginal borrowers—i.e., those with low incomes. Many have been forced out of the formal banking system and into the arms of payday lenders
Gasp. Evil payday lenders. That should never happen. Who’s fault was this really? Was it regulations?
Payday lenders like Advance America are pushing hard to lure away customers from traditional banks. The effort is getting a boost from the industry’s loan crunch, especially for borrowers with blemished credit, and toughened regulation of fees and interest rates charged by the nation’s 7,760 banks and savings institutions
Oh, it was banks fault? Cue Gilda Radner. Neeevvvverrr mind.
Let it not be said that no one cares about the plight of poor people like the WSJ. Really. Don’t say it.
