Link: Obama Praises Payday Lender Rules..Vows Veto Of Limitations(During Visit In B'Ham)

Jon

Hall of Fame
Feb 22, 2002
15,637
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No one forces them, but they are certainly forces by their circumstances to use them. These operations are normally hugely profitable. There needs to be full disclosure of interest rates, payback periods, etc. I'd make them put it on their TV ads, instead of girls dancing around singing about how happy their title loans had made them...
I agree wholeheartedly, in GA I never see their ads, maybe we can't have em on ty? Or maybe I don't watch enough local tv to notice


From my point of view as long as everything is spelled out and disclosed it's up to the individual to make that choice for themselves
 

Shoeless

Scout Team
Jun 6, 2010
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So the President of the most powerful nation in the world, that is currently 18 trillion in debt, that is currently paying $.40 of every dollar to pay the interest on that debt, spent millions of taxpayer dollars to fly to Alabama to lecture us on the harms of high interest and payday loans. Ok, sounds about right.
 

Tide1986

Suspended
Nov 22, 2008
15,670
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Birmingham, AL
So the President of the most powerful nation in the world, that is currently 18 trillion in debt, that is currently paying $.40 of every dollar to pay the interest on that debt, spent millions of taxpayer dollars to fly to Alabama to lecture us on the harms of high interest and payday loans. Ok, sounds about right.
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Yep...oozing with delicious irony.
 

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