Random Feed wrote an interesting post today on
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Have the springs finally popped out of Attorney General Mark Shurtleff’s head? Ignoring his history of dodgy relationships with politicial donors, our AG appoints as his chief deputy for civil cases a political crony who made his name lobbying for the payday loan industry. Failed politician John Swallow has no real experience, he says so himself, in government law. He even acknowledges it is considered a “political appointment.” But Swallow represented and lobbied for the payday loan an

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Random Feed wrote an interesting post today on
Here’s a quick excerpt
With all of the political haggling over the payday lending industry and whether or not the payday loan is a legitimate credit option, it is certainly an interesting twist to find that some of the top banks in the nation are entering the fray by offering similar loan products to their checking account holding customers. [...]

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wrote an interesting post today on
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A legislative effort to place restrictions on payday loans was dealt a setback earlier this week, as Assembly Speaker Mike Sheridan, a Democrat from Janesville, assigned the bill to a committee of lawmakers skeptical of the effort. While the bill is far from dead (43 of 99 Assembly members have signed onto the bill), it remains to be seen how long it will be delayed. It’s worth noting the payday loan industry has been fighting hard against new restrictions on the interest rates payday loa

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wrote an interesting post today on
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Today payday loans are the simple solution to emergencies for millions of people. In the old days, you may have gone to family and friends to ask for a small cash loan. That involved some tact, some timing and listening to the ever present lecturing about why you cannot seem to manage your money better. Thanks to modern technology, and the payday loan industry, you can get small short term loans easily and without a bunch of embarrassing questions. Emergencies have a way of happening at the wor

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Random Feed wrote an interesting post today on
Here’s a quick excerpt
The Wisconsin Catholic Conference has come out in support of legislation imposing reasonable limits on interest rates charged by payday loan stores, which under current law enjoy no limits on the interest rates they can impose: Arguing “needy families in Wisconsin should not be abandoned to predatory practices most of us would find intolerable,” the Wisconsin Catholic Conference (WCC) is supporting legislative efforts to place stronger regulations on the payday loan industry. The WCC is a

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