The payday loan industry received some very positive attention from wall street today! Get a copy of today’s Wall Street Journal and view CNBC’s Maria Baritromo program!
The Wall Street Journal has a piece entitled, “Dodd-Frank and the Return of the Loan Shark.” Yeah, hate the title but love the overall tone of the piece.
We’ll cover this in depth over the next couple of days. We simply want to alert you that wall street has identified the payday loan industry as a great area to make some money.
A few of more highlights to come:
AEA and DLLR are up 50%.
Same store sales and revenues are improving.
Consumers are moving from former credit systems into payday loans.
International payday loan lenders are growing.
“Buying a basket of payday lending stocks not a bad call!”
There are of course, still regulation questions on the state and national level to be considered.
Banks are driving consumers to payday loans and other AFS products.
Resurging growth of payday loan lenders is being seen in the U.S.
As I said, we’ll do more on this in the coming days.
And remember, “The future is ours.”