Ann Evans
“Payday lenders target young, inexperienced borrowers who have steady incomes, but little savings to fall back on… They often have flawed credit and do not qualify for traditional loans.”
Ann Evans of the Navy Marine Corps Relief Society believes military personnel make ideal targets for payday lenders…
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Warren Bolton
“There is no reason for this state to allow its people… to be lured into a cycle of debt from which they can’t recover. These predatory lenders should not be allowed to charge absurd interest rates. I understand some people are higher-risk borrowers and it’s only right for lenders to be able to charge them a higher rate. But should that higher rate be triple digits? Being a high risk shouldn’t mean you have to become an easy mark for legalized loan sharks.”
In an editorial, Warren Bolton said that the interest rates of deferred presentment loans were too high and that South Carolina Governor Mark Sanford should not stand in the way of attempts to restrict the payday loan business…
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Senator Jackie Speier
“With the US troop death toll rising in both Iraq and Afghanistan, few people know another great threat to our young men and women in the military is right here in the United States. That threat is payday lending, an industry that preys on service members, undermining military readiness, lowering troop morale and threatening to bankrupt these young people just as they start out in life.”
State Senator Jackie Speier had strong words against the payday loan industry…
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Governor Matt Blunt
“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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Mark Patton
“An individual under excessive financial stress is subject to his integrity being compromised.
“Almost every case of espionage in our military has in some way had ties to financial greed or need on the part of the individual.”
Captain Mark Patton views payday loans as a threat to national security…
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J.J. Selmon
“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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Lieutenant Colonel Mark Ballasteros
“These types of institutions are prevalent around military installations. They tend to seek out young service members who are inexperienced in the world of credit, but have access to a steady flow of cash.”
Pentagon spokesman Lieutenant Colonel Ballasteros says members of the military are being targeted…
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Mark Patton
“A service member saddled with debt, fear, and considerable stress, could suddenly find his integrity compromised. His job performance will probably suffer, and he most likely will lose his security clearance and be temporarily removed from his assignment. Between 2000 and 2005, revoked or denied security clearances for Sailors and Marines due to financial problems have increased 1600 percent.
“At a time when we are at war, this is an unacceptable loss of valuable talent and resources.”
Captain Mark Patton blames payday lenders for the increase in revoked security clearances…
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Warren Bolton
“Unscrupulous payday lenders and others don’t discriminate when it comes to ripping people off: Hispanic or white, civilian or military, educated or uneducated, young or old, they don’t care. They just want to lure some poor souls into a cycle of debt.”
In an editorial entitled Save Military, Civilians from Onslaught of Predatory Lenders, Warren Bolton said that upcoming legislation to protect the military should apply to civilians as well…
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John C. Bersia
“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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