http://www.arrivefinancial.com/blog/2009/01/16/obama-administration-payday-loan-companies/ Manage Your Credit and Debt Sun, 25 Jul 2010 20:33:45 -0700 http://wordpress.org/?v=2.8.4 hourly 1 http://www.arrivefinancial.com/blog/2009/01/16/obama-administration-payday-loan-companies/comment-page-1/#comment-1556 Ms. Clark Wed, 21 Jan 2009 21:07:50 +0000 http://www.arrivefinancial.com/blog/2009/01/16/obama-administration-payday-loan-companies/#comment-1556 It would be ridiculous to consider (in essence) banning an entire industry when the economy is already crippled. What purpose would it serve and how would it benefit citizens? It would not only eliminate tens of thousands more jobs but also possibly eliminate the positions of the state auditors and examiners that are in charge of monitoring theses institutions. That means additional job losses at all levels and the potential rise of true and illegal "loan sharks." Historically, prohibition has only led to greater demand and disaster. It would be ridiculous to consider (in essence) banning an entire industry when the economy is already crippled. What purpose would it serve and how would it benefit citizens? It would not only eliminate tens of thousands more jobs but also possibly eliminate the positions of the state auditors and examiners that are in charge of monitoring theses institutions. That means additional job losses at all levels and the potential rise of true and illegal “loan sharks.” Historically, prohibition has only led to greater demand and disaster.

]]> http://www.arrivefinancial.com/blog/2009/01/16/obama-administration-payday-loan-companies/comment-page-1/#comment-1555 cindy shipley Wed, 21 Jan 2009 19:06:10 +0000 http://www.arrivefinancial.com/blog/2009/01/16/obama-administration-payday-loan-companies/#comment-1555 Mr.Obama should crack down on the media I know for a fact that payday loan companies are not booming, business for most part is down some up to 20%.Also get your facts straight if you really want to? Payday lenders charge no interest but rather a fee to hold personal checks for up to 30 days.The interest drama presented by the media is exactly like the Salem Witch Hunts. Mr.Obama should crack down on the media I know for a fact that payday loan companies are not booming, business for most part is down some up to 20%.Also get your facts straight if you really want to? Payday lenders charge no interest but rather a fee to hold personal checks for up to 30 days.The interest drama presented by the media is exactly like the Salem Witch Hunts.

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