Post ID 49291

Without a doubt about Dave Adams: Payday loan providers, and the next without them

Dave Adams may be the CEO associated with Lansing-based Michigan Credit Union League and Livonia-based CU Solutions Group

Is it possible to name the industry that boasts more storefronts nationwide than McDonald’s and Starbucks? The solution may shock you — it is the payday financing industry.

In Michigan, near to 600 payday financing storefronts each problem about 3,000 loans each year, creating $935 million in annual income statewide.

That cash comes at a cost that is high customers such as for example Kathy from Lansing. (more…)