Federal Regulators Engage in a Misguided Campaign Against Payday Lenders

Lannister Editorials & Opinions

For an interesting analysis of the government’s paternalism regarding short term lending, see the WSJ article by Ronald L Ruben regarding a lawsuit filed against several federal agencies last month by the payday lending industry trade group, the Community Financial Services Association of America. Read the article here. The payday-lending business involves lending small amounts of money ($375 on average) to people in …

LannisterFederal Regulators Engage in a Misguided Campaign Against Payday Lenders