loan sharks

Regulating payday loans is tougher than it sounds

This week, President Obama was in Birmingham, and had some words about payday loan places. This industry seems to be under attack, so why don’t they just reduce their rates to more reasonable levels? I don’t…

Some Common Cents for March 27th 2015

On Thursday afternoon, the President was in Birmingham, and outlined some of his Administration’s plans to impose greater regulatory oversight on what is known as the “payday loan” industry. Why Birmingham? Well, we have a lot…