When confronted with a few present and pending moratoriums on payday loan providers within the Golden Triangle and statewide, advocate groups are speaking through to behalf of check-cashing services.
Dan Robinson, owner of money Inc. in Columbus and a representative for Borrow Smart Mississippi, claims consumer training could be the reply to stopping the period of high-interest financial obligation skilled by numerous pay day loan clients. Tommy Moore, vice president when it comes to Community Financial solutions Association of America, situated in Alexandria, Va., contends payday lenders provide a service that is vital available through conventional finance institutions. Continue reading Lender advocates: Education key to responsible financing