“Surprising” news in Wichita
Here’s a line from a roundup column in the Wichita Eagle: Would you really be surprised if the city tore down the Wichita Boathouse and replaced it with a payday loan store? The Payday Pundit is...
View ArticleImportant ruling in Kansas
A Kansas appeals courts upholds a decision that Internet lenders must get state licenses. From the story: A Kansas law requiring Internet payday lenders to obtain a license to do business in the...
View ArticleIgnorance disguised as advice
The Lawrence Journal World derides the number of payday lending stores–six–in a downtown area. However, the writer can’t fathom the economic law of supply and demand: It amazes me that there is enough...
View ArticleMandated financial literacy
A Kansas legislator is pushing it. From the story: While working on consumer protection issues, state Rep. Melody McCray-Miller, D-Park City, said she frequently heard, “We need to be educating our...
View ArticleIt’s not just Kansas
The Wichita Eagle reports that Kansans paid an average $325 in overdraft protection fees last year. Here’s the release with a link to the full report. See how much overdraft protection the average...
View Article“Consumers are trying to make smart decisions”
That’s CFSA spokesperson Steven Schlein telling it like it is to the Associated Press in this story out of Kansas: There are no hard numbers on payday loans, because firms won’t release those figures,...
View Article“Valuable role”
That’s the erudite Tom Linafelt of QC Holdings in a letter to the Lawrence Journal World& News: Short-term loan companies each year help thousands of Kansas families overcome unexpected financial...
View Article“Not predatory”
Tom Linafelt of QC Holdings, a Kansas City-based payday lender, gives the readers of the Lawrence Journal some facts: According to “An Analysis of Consumers’ Use of Payday Loans” by researcher Gregory...
View ArticleEven payday lenders get the blues
Great story in the Wichita Eagle about a local payday lender, Speedy Cash: Wichita’s Speedy Cash chain was founded 12 years ago by three guys who grew up together, went to Northwest High and Kansas...
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