http://www.bloggernews.net/121178 High-quality English language analysis and editorial writing on the news. Mon, 23 Nov 2009 19:36:47 +0000 http://wordpress.org/?v=2.3.3 http://www.bloggernews.net/121178#comment-1294487 Big Brother Too Mon, 15 Jun 2009 21:14:37 +0000 http://www.bloggernews.net/121178#comment-1294487 The misconception that payday loans aren't regulated has aided in the distrust of the industry as a whole. Payday loans ARE regulated, but it's the overregulation that has brought about concern and resistence to change. Political figures that are demanding changes to laws, processes and procedures regarding short-term loans are also demanding that the most extreme measures be taken, including eliminating the possibility of profits. These actions neither help the economy, nor the individuals that political figures claim to want to help. However, when short-term lenders remove themselves from the state because they are no longer profitable, who will race to aid those who no longer have that product as an option? There are always more than one side to a story, but arbitrarily amending statutes to conveniently enforce what you do not believe in is outlandish and unacceptable. The misconception that payday loans aren’t regulated has aided in the distrust of the industry as a whole. Payday loans ARE regulated, but it’s the overregulation that has brought about concern and resistence to change. Political figures that are demanding changes to laws, processes and procedures regarding short-term loans are also demanding that the most extreme measures be taken, including eliminating the possibility of profits. These actions neither help the economy, nor the individuals that political figures claim to want to help. However, when short-term lenders remove themselves from the state because they are no longer profitable, who will race to aid those who no longer have that product as an option? There are always more than one side to a story, but arbitrarily amending statutes to conveniently enforce what you do not believe in is outlandish and unacceptable.

]]> http://www.bloggernews.net/121178#comment-1285147 Pay Day Lender Wed, 10 Jun 2009 14:39:11 +0000 http://www.bloggernews.net/121178#comment-1285147 Regulating payday lenders only hurts the consumer. It drives payday lenders out of business and allows other loans industries to take advantage of consumers by raising their prices. All regulation does is provide the consumer with fewer and more expensive loan options. Regulating payday lenders only hurts the consumer. It drives payday lenders out of business and allows other loans industries to take advantage of consumers by raising their prices. All regulation does is provide the consumer with fewer and more expensive loan options.

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