View Poll Results: Pay day loans

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  • Regulate - Yes

    36 81.82%
  • Regulate - No

    7 15.91%
  • No opinion

    1 2.27%
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Thread: Consumer Protection Agency Seeks Limits on Payday Lenders

  1. #301
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    Re: Consumer Protection Agency Seeks Limits on Payday Lenders

    Quote Originally Posted by JANFU View Post
    It is broke, next to no regulation, these people have no where else to turn.
    Why should they not be regulated, other lending institutions are?
    They are regulated.
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    Re: Consumer Protection Agency Seeks Limits on Payday Lenders

    Quote Originally Posted by cowen70 View Post
    Sounds really good when you put it like that but its like using a shotgun to blow off a leg that has an infection. Because 500 turns into 575 then turns into 1000 then turns into 2000 and so on.
    So then don't borrow someone else's money.
    Horse sense is the thing a horse has which keeps it from betting on people. ~W.C. Fields

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    Re: Consumer Protection Agency Seeks Limits on Payday Lenders

    Quote Originally Posted by tres borrachos View Post
    They are regulated.
    Some State they are barred from operation. States have some regulation. They are in the lending business, other financial institutions are subjected to stricter regulation than pay day loan companies will ever be.
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    Hillary is the only defense I or anyone else needs.
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    Not once have I showed my dick to a woman and she thought it was creepy. In fact, in 100% of the cases, they were pretty excited about it. I don't know who you're showing your **** too.

  4. #304
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    Re: Consumer Protection Agency Seeks Limits on Payday Lenders

    Quote Originally Posted by JANFU View Post
    Some State they are barred from operation. States have some regulation. They are in the lending business, other financial institutions are subjected to stricter regulation than pay day loan companies will ever be.
    They are regulated by the states if the states allow payday lending in the states. They are regulated by the agency designated by the state in which they are lending. In most cases, that agency is the state's banking department. They are quite regulated.
    Horse sense is the thing a horse has which keeps it from betting on people. ~W.C. Fields

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    Re: Consumer Protection Agency Seeks Limits on Payday Lenders

    I think that these businesses are nothing more than a reflection of our society. Due to interest rates on loans that are FAR too low, we have created a society where people have stopped saving to buy things and can only see borrowing as the way to get something they can't immediately afford. It's time that we learned the lessons of the last few decades and stopped the borrowing. We need to raise consumer interest rates to about double what they currently are (and lowering corporate interest rates to encourage development) and start getting people to save/invest again and stop borrowing money.
    Our nation has not always lived up to its ideals, yet those ideals have never ceased to guide us. They expose our flaws, and lead us to mend them. We are the beneficiaries of the work of the generations before us and it is each generation's responsibility to continue that work. - Laura Bush

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    Re: Consumer Protection Agency Seeks Limits on Payday Lenders

    Quote Originally Posted by tres borrachos View Post
    They are regulated by the states if the states allow payday lending in the states. They are regulated by the agency designated by the state in which they are lending. In most cases, that agency is the state's banking department. They are quite regulated.
    And that is the problem. Not well regulated at all.
    Quote Originally Posted by Fenton View Post
    Hillary is the only defense I or anyone else needs.
    Quote Originally Posted by apdst View Post
    Not once have I showed my dick to a woman and she thought it was creepy. In fact, in 100% of the cases, they were pretty excited about it. I don't know who you're showing your **** too.

  7. #307
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    Re: Consumer Protection Agency Seeks Limits on Payday Lenders

    Quote Originally Posted by JANFU View Post
    And that is the problem. Not well regulated at all.
    Once again, they are quite well regulated today.

    What regulation do you propose be imposed on them? And be specific - and say what the expected outcome will be.
    Horse sense is the thing a horse has which keeps it from betting on people. ~W.C. Fields

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    Re: Consumer Protection Agency Seeks Limits on Payday Lenders

    Quote Originally Posted by tres borrachos View Post
    Once again, they are quite well regulated today.

    What regulation do you propose be imposed on them? And be specific - and say what the expected outcome will be.
    Do you know what rate of return they achieve on these loans.
    No one states they are not to make a profit.
    Quote Originally Posted by Fenton View Post
    Hillary is the only defense I or anyone else needs.
    Quote Originally Posted by apdst View Post
    Not once have I showed my dick to a woman and she thought it was creepy. In fact, in 100% of the cases, they were pretty excited about it. I don't know who you're showing your **** too.

  9. #309
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    Re: Consumer Protection Agency Seeks Limits on Payday Lenders

    Quote Originally Posted by JANFU View Post
    Do you know what rate of return they achieve on these loans.
    No one states they are not to make a profit.
    Who said anything about profit.

    What specific regulations do you propose be imposed on them, and what do you expect the outcome of these regulations to be?
    Horse sense is the thing a horse has which keeps it from betting on people. ~W.C. Fields

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    Re: Consumer Protection Agency Seeks Limits on Payday Lenders

    Quote Originally Posted by tres borrachos View Post
    Who said anything about profit.

    What specific regulations do you propose be imposed on them, and what do you expect the outcome of these regulations to be?
    Longer terms with out the constant rollover and new fees added every 2 weeks.
    Quote Originally Posted by Fenton View Post
    Hillary is the only defense I or anyone else needs.
    Quote Originally Posted by apdst View Post
    Not once have I showed my dick to a woman and she thought it was creepy. In fact, in 100% of the cases, they were pretty excited about it. I don't know who you're showing your **** too.

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