“Payday loans typically charge exorbitant amounts in interest for those who borrow from them… Employers should not be making money off the wages they pay their hardworking long-term care facility employees.”
Missouri Governor Matt Blunt said he will shut down on-site payday loan operations in state nursing homes…
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“Recent actions taken by the ASBCA represent a step in the right direction in favor of Arkansas consumers… However, a regulation rate of 55 percent would still get an ‘F’ on any academic grading scale.”
Arkansans Against Abusive Payday Lending (AAAPL) president H. C. “Hank” Klein said that nearly half of all payday lenders in Arkansas are unlicensed and unregulated by the Arkansas State Board of Collection Agencies (ASBCA)…
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“The way I read that is you are not going to make a… payday loan to a service member on active duty, or their family.”
Better Business Bureau’s Military Line consultant Holly Petraeus believes that the National Defense Authorization Act for Fiscal Year 2007 effectively bans payday loans to military members…
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“I see this as a financial cancer.”
In an article entitled HR Departments Team with Payday Loan Foes, grassroots group organizer J.J. Selmon called payday and car title lending a disease…
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“A girlfriend mentioned a payday loan… There was a whole list of companies on the Internet. They approved you within minutes. You sent them your account information and they wired the money into your account… It was easy to try to get extra money for Christmas, for when I just wanted something… Then I paid the price when I had to pay them back.”
Online payday loan consumer Jeannette Hartman describes her ordeal to Charleston Daily Mail reporter George Hohmann…
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“When you go for these loans, you’re pretty desperate, and you don’t really care as long as you get the money you need… They basically give it to you just to fail.”
Internet payday loan consumer Jennifer Stein believes online lenders are a trap…
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“No knee-caps get broken, but - in a manner of speaking - lots of backs do. The charges are more than the poor can bear.”
In his Pulitzer Prize winning editorial series, John C. Bersia attacks payday loans and other “predatory lenders” that exploit the poor…
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“Payday lenders are targeting people who are vulnerable. They are sucking the lifeblood of people in our neighborhoods.”
Consumer advocate John Jones made this statement after Washington state regulators levied a record total of $1.2 million in fines against two payday loan companies…
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“We’re deeply disappointed he would take a job like this. These are bad guys and they do shameful things.”
Anti-payday loan advocacy group director John Ruoff was referring to Tommy Moore, who resigned a 26-year Senate seat this weekend to lobby on behalf of the payday loan industry…
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“It’s predatory in the way that it’s set up… Very few people are able to pay the loan back right away. The payday lenders know that. That’s how they make their money, by keeping the loan going.”
Jordan Ash, director of financial issues for a national consumer group, attacks the payday loan industry in a news article…
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