Archive for August 3rd, 2007

FCC Commissioner Michael Copps rallies the troops on media reform

| August 3, 2007 | Reply
FCC Commissioner Michael Copps rallies the troops on media reform

Salon’s Michael Grieve reports on Michael Copp’s address to the YearlyKos Convention. Copps, an FCC commissioner, addressed the YearlyKos Convention in Chicago: a three-day gathering of about 1,500 bloggers and liberal activists. But his address was less a lecture than a call to action. “The country needs you, it needs a free press, it needs […]

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How do payday lenders get away with charging such high interest rates?

| August 3, 2007 | 6 Replies
How do payday lenders get away with charging such high interest rates?

The topic of usury laws and payday loans arises frequently these days. Payday lenders commonly charge¬†interest rates of 300%, 400% or more on their loans to desperate consumers. Why do I suggest these consumers are desperate? It’s because they are writing postdated checks to payday lenders, agreeing to give up a large chunks of their […]

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