Random Feed wrote an interesting post today on
Here’s a quick excerpt
U.S. Sen. Christopher Dodd was blasted in a New York Times editorial today for being too chummy with the payday loan industry. Dodd, facing a tough reelection campaign, has already raised more than $44,000 from pawnshop owners and payday lenders, according to his most recent campaign finance filings. And last month, Dodd appeared at a dinner hosted by the Online Lenders Alliance, a payday loan industry group, according to a report in the Huffington Post, although Dodd’s aides dispute

Read the rest of this great post here

Random Feed wrote an interesting post today on
Here’s a quick excerpt
Today’s New York Times editorial 391 Percent Payday Loan explains the problem with legislation proposed by U.S. Rep. Luis Gutierrez (D-IL), the new chair of an important Congressional subcommittee: Payday loans — advances that are to be repaid on payday — are so burdensome and so pernicious that in 2006 Congress effectively banned them for military families. Given all the problems workers face right now, Congress should extend this protection to everybody. Unfortunately, some members are pus

Read the rest of this great post here