Home / Tag: payday loans
06.17.2009 | | Posted at 12:00 AM
By Lisa Kaiser
To the Editor: In response to Lisa Kaiser’s article – “Predatory Lenders Beware,” I wanted to provide an alternative view. Specifically, I’d like to address the perspective of Metro Milwaukee consumers living paycheck to paycheck and how a recent legislative proposal (Predatory Lending Consumer Protection Act) would adversely affect their ability to access credit. Because...
Wednesday, Aug. 12, 2009

The big push to block reform and protect profits

They were kicked out of North Carolina, are constitutionally banned in Arkansas and heavily regulated in Minnesota. The Bush-era Department of Defense found that they are a threat to members of the military. What do these folks know that we don’t? Payday lenders thrive...
Wednesday, June 3, 2009

Legislation would limit interest charged...

Patricia’s story isn’t unique,but it’s still shocking. She was moving and needed some extra cash, so she took out two short-term “payday loans,” totaling $550 plus $182 in upfront fees. When she couldn’t repay the loan the following month, Patricia entered into the “debt trap.” She has...

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