http://augustafreepress.com/2010/02/15/fool-me-once-will-the-loophole-lender-lobbyists-get-their-way-again/ Independent news source for Augusta County, Staunton and Waynesboro, Va. Mon, 13 Feb 2012 16:13:46 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://augustafreepress.com/2010/02/15/fool-me-once-will-the-loophole-lender-lobbyists-get-their-way-again/comment-page-1/#comment-111367 Carly Thu, 18 Feb 2010 00:04:50 +0000 http://augustafreepress.com/?p=18065#comment-111367 Payday lenders are only doing what they can to continue to offer credit to low-income consumers after tight regulations have essentially banned their valuable services. All these groups fighting short-term payday loans have probably never taken one out themselves, and have no idea how valuable they are to peopel who have limited credit options in this economy. Payday lenders are only doing what they can to continue to offer credit to low-income consumers after tight regulations have essentially banned their valuable services. All these groups fighting short-term payday loans have probably never taken one out themselves, and have no idea how valuable they are to peopel who have limited credit options in this economy.

]]> http://augustafreepress.com/2010/02/15/fool-me-once-will-the-loophole-lender-lobbyists-get-their-way-again/comment-page-1/#comment-111097 Teddy Tue, 16 Feb 2010 20:22:30 +0000 http://augustafreepress.com/?p=18065#comment-111097 Short-term loans are a valuable service for many consumers. Limiting the amount to a maximum of $550 is unreasonable considering 1) how many people will need more than that when they run into a very expensive emergency situation, and 2) the lenders should be able to stay in business just like everyone else, by lending as much money is NEEDED by borrowers at any one time. Short-term loans are a valuable service for many consumers. Limiting the amount to a maximum of $550 is unreasonable considering 1) how many people will need more than that when they run into a very expensive emergency situation, and 2) the lenders should be able to stay in business just like everyone else, by lending as much money is NEEDED by borrowers at any one time.

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