Just read a new Cheklist magazine article titled “Installment Lending: The Next Step“. It has some good information about Illinois, Wisconsin, CFPA, class action lawsuits and Internet lending.
Bob Wolfberg of PLS Financial makes a good point.
“Unfortunately, our story relates to the old saying, a truth takes longer to explain than a lie. Our harshest criticism has come from officials from states that don’t even allow payday lending, such as in the Northeast, or from the people who don’t need it. I find it very condescending.”
