Comments on: back again, like a payday loan http://blogs.law.harvard.edu/shlep/2007/01/14/back-again-like-a-payday-loan/ news, views and info on self-help law and pro se litigation Wed, 30 Sep 2009 23:11:37 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: fast loan researcher http://blogs.law.harvard.edu/shlep/2007/01/14/back-again-like-a-payday-loan/comment-page-1/#comment-1905 fast loan researcher Fri, 25 May 2007 01:43:46 +0000 http://blogs.law.harvard.edu/shlep/2007/01/14/back-again-like-a-payday-loan/#comment-1905 I have a website that caters to people looking for loans and am reconsidering my decision to post content related to payday loans. I am torn though. When used correctly, these loans (albeit expensive loans) do serve a purpose. However, as your article mentions, the typical consumer for this type of loan is not likely to use it correctly. So, my quandry: Keep payday loan information available or delete it entirely? I am still torn, but your article has given me additional food for thought. Thank you. I have a website that caters to people looking for loans and am reconsidering my decision to post content related to payday loans.

I am torn though. When used correctly, these loans (albeit expensive loans) do serve a purpose. However, as your article mentions, the typical consumer for this type of loan is not likely to use it correctly.

So, my quandry: Keep payday loan information available or delete it entirely? I am still torn, but your article has given me additional food for thought. Thank you.

]]> By: shlep: the Self-Help Law ExPress » Blog Archive » battles everywhere over payday loans http://blogs.law.harvard.edu/shlep/2007/01/14/back-again-like-a-payday-loan/comment-page-1/#comment-756 shlep: the Self-Help Law ExPress » Blog Archive » battles everywhere over payday loans Fri, 23 Feb 2007 19:16:16 +0000 http://blogs.law.harvard.edu/shlep/2007/01/14/back-again-like-a-payday-loan/#comment-756 [...]     Payday lending is a hot issue in legislatures and editorial rooms across the nation (see Google News; our lengthy prior post discusses the issues and links to many resources).  It would be hard to find a better case study in the process of “consumer protection” regulation than the maneuvering and arguments of all the stakeholders in the payday lending debate.  The problem is how to balance the goal of traditional consumer advocates to prevent predatory lending and the victimizing of vulnerable consumers with the desire to give consumers marketplace options and businesses the freedom to serve and profit from consumer demand. [...] [...]     Payday lending is a hot issue in legislatures and editorial rooms across the nation (see Google News; our lengthy prior post discusses the issues and links to many resources).  It would be hard to find a better case study in the process of “consumer protection” regulation than the maneuvering and arguments of all the stakeholders in the payday lending debate.  The problem is how to balance the goal of traditional consumer advocates to prevent predatory lending and the victimizing of vulnerable consumers with the desire to give consumers marketplace options and businesses the freedom to serve and profit from consumer demand. [...]

]]> By: shlep: the Self-Help Law ExPress » Blog Archive » blame the legislators, not the lenders or lions http://blogs.law.harvard.edu/shlep/2007/01/14/back-again-like-a-payday-loan/comment-page-1/#comment-562 shlep: the Self-Help Law ExPress » Blog Archive » blame the legislators, not the lenders or lions Fri, 19 Jan 2007 22:34:25 +0000 http://blogs.law.harvard.edu/shlep/2007/01/14/back-again-like-a-payday-loan/#comment-562 [...]  Robert Frank made a very good point yesterday, in a New York Times column, “Payday Loans Are a Scourge, but Should Wrath Be Aimed at the Lenders?“  (January 18, 2007; via CL&P Blog).  Using outrage at payday loan lenders as an example (see our prior post), Rich correctly notes (emphases added): “[T]he supply of moral outrage is limited. To maximize its usefulness, it must be employed sparingly. The essential first step is to identify those who are responsible for bad outcomes. This is often harder than it appears. Failure at this stage steers anger toward people or groups whose behavior is, like the alpha lion’s, an unavoidable consequence of environmental forces. In such instances, moral outrage would be better directed at those who enact the rules under which ostensibly bad actors operate.” [...] [...]  Robert Frank made a very good point yesterday, in a New York Times column, “Payday Loans Are a Scourge, but Should Wrath Be Aimed at the Lenders?“  (January 18, 2007; via CL&P Blog).  Using outrage at payday loan lenders as an example (see our prior post), Rich correctly notes (emphases added): “[T]he supply of moral outrage is limited. To maximize its usefulness, it must be employed sparingly. The essential first step is to identify those who are responsible for bad outcomes. This is often harder than it appears. Failure at this stage steers anger toward people or groups whose behavior is, like the alpha lion’s, an unavoidable consequence of environmental forces. In such instances, moral outrage would be better directed at those who enact the rules under which ostensibly bad actors operate.” [...]

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