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Usury Laws, the Christian Right, and Bad StatisticsWall Street Journal - These people always get paid, rain or shine," says William Harrod, a former manager of payday loan stores in suburban Virginia ... Loans is part of a sprawling network of more than a hundred lenders in four states, including Georgia, Florida and Louisiana ... Read more
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A tip of the hatAtlanta Journal Constitution - Bobby Jindal, the 36-year-old son of Indian immigrants and a rising conservative superstar, is sworn in as governor of Louisiana, a state with a political culture that sets the standard for corruption. First up: strengthening the state’s ethics ... Read more
Thinking RightMiami Herald - The hope is that mainstream financial institutions can convert the check-cashing customers and payday loan-seekers of today into the sought-after depositors and low-risk borrowers of tomorrow. ''A large number of banks and financial industry players ... Read more
Banks resurrect consumer interestsBuffalo News - ... Rose paid what amounted to 180 percent in annual interest for a two-week loan ... what's sprung up is this hybrid basic banking system, which includes payday lending ... in here [are] good," he said of the gas/minimart at South Park Avenue and Louisiana ... Read more
SPECIAL REPORT: THE HIGH COST OF BEING POORRead more
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