Military Payday Loan Conference Scheduled
By J.J. CameronPayday Loan Writer
As military payday loans - and their detriments - remain in the news, a conference on the topic has been scheduled.
It will be held tomorrow at 10 a.m. at The National Press Club's Lisagor Room, 529 14th St. NW, Washington, DC. The man in charge of this payday loan critique? Dr. Charles Cushman a West Point graduate and retired Army officer. He's also the Associate Dean of the Graduate School of Political Management at The George Washington University.
Dr. Cushman will lead a discussion on the results of a study sponsored by Consumer Credit Research Foundation to learn more about military awareness, attitudes and usage of short term payday loans.
Reason behind the payday loan conference: In recent months, military pay day loan new has dominated the news. Up until now information about military awareness, attitudes and usage of payday loan lending products has been limited to anecdotal findings.
This is the first systematic examination of how and why members of the armed forces use these products and how they compare to their civilian counterparts. The results provide empirical insights from members of the military into the following:
- Cash loan usage (frequency, usage, etc.)
- Awareness and knowledge of payday loans
- Attitudes about financial well being
- Types of debt and credit options
