Our friends in the pawn industry know firsthand that consumer buying trends are notoriously hard to predict. Today’s Wall Street Journal has a story about one of those times when consumer behavior has seemed downright counter-intuitive. Whatever side of the political aisle you happen to be on, you probably expect that the election of Republicans… Read More »
Over 10 Million Payday Loan Consumers Are Out Of Luck
If you have read any major newspaper over the past 24 hours you have seen the headline. The government has moved to control lucrative payday lending practices with a rule that brings the 38 billion dollar industry under federal oversight for the first time.