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Interview with Lawrence Meyers - Ex-Motley Fool Journalist and Current Payday Loan Industry Financier
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Podcast Details
An interview with Lawrence Meyers, previously a financial journalist for the Motley Fool and currently a payday loan industry financier. Topics range from market valuation of the industry to dollar-based hard-math scenarios of payday loan costs for both the consumer and for the lender. Topics range from market valuation of the industry to dollar-based hard-math scenarios of payday loan costs for both the consumer and for the lender. An industry supporter, Larry's style is to take today's facts--tempered with years of financial industry experience--mix in real-world scenarios, and then prognosticate about what the future holds.
Lawrence Meyers, Partner, Sabric Enterprises: Mr. Meyers is currently a partner in Sabric Enterprises, a firm that helps payday lenders obtain money to grow their businesses. Mr. Meyers holds a B.A. from Cornell University, an M.A. from the University of Southern California, and is a member of both the Writer's Guild of America and Writer's Guild of Canada. When working for The Motley Fool, a major financial publication, Mr. Meyers was the only U.S. journalist to comprehensively cover the payday lending industry's stocks and related legislative issues.
About Sabric Enterprises: "Sabric Enterprises is a Los-Angeles-based private equity firm that provides expansion capital to payday lenders. Sabric also assists Texas-based payday lenders in converting to Credit Services Organizations (CSOs) and providing them with third-party lenders. They also provide software and collection agency referrals."
Mr. Meyers can be contacted at: PDLCapital@earthlink.net
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Industry preys on Alabamians
March 19 - Montgomery, Alabama - Starting later this year, payday lenders who prey on the working poor in Alabama, charging unconscionable interest rates of 450 percent or more, won't be able to do so for those Alabamians who serve in the military.
Payday lenders hope to return in Georgia
March 18 - Atlanta, Georgia - When the Georgia General Assembly opened for business in January, representatives of the payday lending industry walked in the Capitol's door, eager for another battle. . . . the return to Georgia was a bold move.
Payday lenders, state reach deal on curbing fees
March 18 - Phoenix, Arizona - The state's payday lenders have agreed to sharp new curbs on their practices and fees in exchange for ensuring they are not forced out of business in three years.
- Proposed law to control payday lending - [March 18]
- House, Senate lawmakers agree on payday loan restrictions - [March 16]
- Payday loan regulation bill passes Senate - [March 16]
- News feature: News shown by "Big 7".
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