Join the PLA
Date: Wed, 11/28/2007 - 08:12
Are You a Member of the PLA?
If you keep up on payday loan news at all, then you have probably at least heard of the CFSA. The Community Financial Services Association of America is the nation’s largest trade organization of cash advance lenders, and one of the fast cash loan industry’s biggest supporters and financial backers. Many states facing legislation of these ubiquitously unpopular, short-term personal loan products have spun off their own coalitions, including the District of Columbia Financial Services Association (DCFSA) and, most recently, the Arizona Financial Services Association (AFSA). These associations claim to be pro-consumer, and allege to want to help lawmakers establish “equitable†payday loan legislation. It isn’t a stretch to see where this claim could seem spurious to naysayers.
Hence, the rise of “The Predatory Lending Association,†or PLA. No, you aren’t misreading that. The PLA is a spoof of cash advance lending trade groups, based around the website created by humorist Mike Mathieu. If you are familiar with The Onion’s broad satire, then you will get the point. This faux fast cash loan loan industry association’s mission statement is, “to [extract] maximum profit from the working poor by increasing payday loan fees and debt traps.†The statement goes on to “reclaim†the word “predator,†by pointing out that the very patriotic American Eagle is one, and embraces the working poor as “an exciting, fast-growing demographic.â€Â
Payday loan opponents will undoubtedly find more than a trace of dark humor in the PLA, but real cash advance personal loan industry leaders are unlikely to be amused. This lampoon of the burgeoning American fast cash loan industry also features a Google-style map tracker showing clusters of lenders in poor neighborhoods and around military bases[/quote]
The website is hilarious! predatorylendingassociation.com/
The website is hilarious!
predatorylendingassociation.com/
Some of the stuff on it:
PLA
I was surfing the "net" and simply typed in predatory lender
and to my horror or shock I found this PLA web site.Like goudha I found this site humorous but dark as well.They talk
about racial profiling etc. and how to keep the unwitting
consumer in a unending spiral of debt.Unbelievable but it is
a sad road that our working class citizens are headed down.
I hope that anyone out there is considering a loan with these
"establishments" will come to this website first rather than later.
hmmm it makes me wonder if maybe it is a "fake" website? I mean
hmmm it makes me wonder if maybe it is a "fake" website? I mean it is things we all would THINK they would say, and maybe it is real, but to have it all there in writing is just a bit suspect to me ....
of course maybe I have blinders on?
Great post Goudah! I loved it! I can't wait to get home and per
Great post Goudah! I loved it! I can't wait to get home and peruse the website myself. I agree with Stevekathy, wouldn't it be great if everyone considering PDL's would have to come here first.
Jen
LOL oh okay, I was in a hurry when reading the post and I didn't
LOL oh okay, I was in a hurry when reading the post and I didn't actually look at the link where it is probably a lot more clear that it was fake.
Glad humor can be brought into play here!
We can only wish that these lenders were that transparent!!! :D
We can only wish that these lenders were that transparent!!! :D
I am still laughing... yet cringing at the thought that somethin
I am still laughing... yet cringing at the thought that something as bad as a pdl exists so that parody may live
I love the disclosure when you subscribe Then after you
I love the disclosure when you subscribe
Then after you subscribe:
Too funny. Wouldn't it be even funnier if they managed to advertise on some of the PDL sites?? LOL
Jen
pdl
PDL's again. A 'never-ending-story in our lives. You hardly ever get 'out from underneath them.' They are crooked people, however, I know ALOT of us are so desperate at times, we don't care. 'Been there..done that' for sure. I wish PDL's never existed.
Great site--but what's scary is that someone out there might act
Great site--but what's scary is that someone out there might actually think it's real. Comeon, you KNOW that someone will. PLA?? Almost sounds like the PLO, lol...