Charles Kuffner is a resident of the Houston area. He graduated from Trinity University in 1984. His blog, "Off the Kuff" is "Texas' longest running progressive political blog".
On March 24, 2011 Kuffner published a blog, "It's Way Past Time to Regulate Payday Lenders". This post is about an article taken from The Observer talking about payday lenders and the amount of money they are making off of their clients.
As of right now payday lenders are can be registered as consumer credit organizations and are not regulated, which is why they can charge insane amounts of interest on the loans they give to people, up to 500%. Tom Craddick, a former Speaker, feels that these loan places need to be regulated. He feels that it is terrible what they are doing to people that are clearly already in need. Many people at the meeting shared Craddick's sentiment. The payday lenders feel that they would go out of business if the House passed bills to cap the APR at 135%.
Charles Kuffner states his opinion very clearly in his blog when he writes, "Cry me a river, dude." Kuffner feels like if the loan operators can't keep their business afloat charging up to 135% APR then they don't deserve to be in business. Charles is trying to reach out to people that have been ripped off by payday loan places or people that are just wanting to put an end to payday loans sucking the life out of people who don't have any other options. He has provided enough information in his post so that anyone, including myself can agree, that these payday lenders are out of control.
Thursday, March 24, 2011
Tuesday, March 1, 2011
Beefing Up Border Patrol
The Statesman's editorial board published, Turn Drug Money Into Tool Against Cartels, in late February. The editorial is about a suggestion made by Senator Steve Ogden that the author of this piece feels like is a good idea.
Senator Ogden suggested that of the twenty-eight BILLION dollars confiscated annually from the Mexican drug cartels, some of it should be used to add more security to the Texas-Mexico border, which is where two-thirds of the drug trafficking takes place.
The author of this editorial gives the reader a brief history of how ineffective tracking laundered money has been. They also tell us that right now that this is a major issue in Mexico because the drug cartels are using cruel brutality and force to get the money into the US, harming many citizens while doing so.
The authors intended audience is anyone who is interested in seeing that seized money from illegal actions be used to stop the illegal action and provide a safer place for us to live. The author makes a very valid point and supports that we use seized to money to set up more border patrol stations. The author say,"Targeting the money generated by illegal activity is the best way to fight crime." and while I don't think its the BEST way I certainly believe it's a good start.
Senator Ogden suggested that of the twenty-eight BILLION dollars confiscated annually from the Mexican drug cartels, some of it should be used to add more security to the Texas-Mexico border, which is where two-thirds of the drug trafficking takes place.
The author of this editorial gives the reader a brief history of how ineffective tracking laundered money has been. They also tell us that right now that this is a major issue in Mexico because the drug cartels are using cruel brutality and force to get the money into the US, harming many citizens while doing so.
The authors intended audience is anyone who is interested in seeing that seized money from illegal actions be used to stop the illegal action and provide a safer place for us to live. The author makes a very valid point and supports that we use seized to money to set up more border patrol stations. The author say,"Targeting the money generated by illegal activity is the best way to fight crime." and while I don't think its the BEST way I certainly believe it's a good start.
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