Payday Pundit gives payday lenders a platform to get the facts out and correct the misinformation circulating about the industry and spread by the media and critics of the industry.
Darrin Andersen, CFSA President

In response to continued misinformation in the press, the Community Financial Services Association of America, a national trade association of payday lenders, today launched a new blog, Payday Pundit.

Updated multiple times a day, commentary on Payday Pundit will cover all topics associated with the short-term credit market: insider knowledge; new research; media coverage and corrections; legislative efforts; financial literacy and community involvement.

"The Payday Pundit furthers our commitment to helping everyone better understand the payday advance service. We hope consumers, reporters, policymakers and even our critics will visit Payday Pundit regularly," said Darrin Andersen, CFSA President.

"Payday Pundit gives payday lenders a platform to get the facts out and correct the misinformation circulating about the industry and spread by the media and critics of the industry," said Andersen.

Andersen added that in the last month, national media including The Wall Street Journal and The Washington Post have made either factual errors in covering the payday lending industry or displayed serious ignorance of the payday advance service.

The Community Financial Services Association of America (CFSA) is a national trade association of the payday advance industry representing 164 member companies.