(10 quotes found)
“Keep thinking about payday. Have a good night.”
Walt Fennell
“Although payday loans are often criticized for being too costly, my analysis suggests that they are actually less expensive than bank overdraft services for many consumers.”
Tom Lehman
“We're finding that our average payday loan customer earns just over $50,000 a year. We've given loans to a wide range of customers from nurses to construction workers - the payday-loan business isn't simply a blue- collar business anymore.”
Sean Reynolds
“Investors need to move on, ... If they still believe there is some big payday coming, they're fooling themselves.”
Geoff Bobroff
“The pain goes away on payday.”
Larry Fine
“It sometimes seems like our financial system is set up to penalize those who know the least and have the least … It appears to me that the system has gone beyond beware to buyer be damned.”
Richard Cordray
“Consumers would be shocked to learn that the amount of many short-term payday loans may be as high as 500-percent APR or even greater in many cases. Undoubtedly, some consumers would choose to forego the loan in the face of such written disclosures. However, even when disclosures are made, they are frequently inaccurate, failing to take into account various fees and charges.”
Brian Caldwell
