COUNCIL FOR FAIR LENDING

ALABAMA ARISE & CRL ATTACK INDUSTRY IN ALABAMA

"Lenders You Can Trust.  Only At Borrow Smart Stores!"

JUST IN TIME TO BEGIN INFLUENCING THE NEXT LEGISLATIVE SESSION 


Alabama Arise & CRL Launch Industry Attack Here!


 

November 18, 2008 - Update

The Montgomery Advertiser has printed our response to the CRL/Alabama Arise article as noted in the original post on October 27th below.  You can read the response here.  The Mobile Press Register also ran our response on November 2.  So, all of the major statewide papers who ran the original hit piece have now published our response.

As we've said many times, these unwarranted and inaccurate attacks on our industry do have consequences and as we have demonstrated on many occasions, it is critically important (and possible) to get the true facts about our industry out into the public arena.

 

November 10, 2008 - Update

The Birmingham News has printed our response to the CRL/Alabama Arise article as noted in the November 4th update below.  You can see Charles Hunter's response here or here.

 

November 4, 2008 - Update

The same article as described below has now appeared in the Birmingham News and we have responded with a slightly abbreviated version of the response below. 

 

October 27, 2008

Alabama Arise and the Center for Responsible Lending launched a hit piece against the industry in the Montgomery Advertiser, the state capitol newspaper, late last week.  We also understand the same article ran in the Mobile Press Register, but we do not have a copy.  You can click here and read the article from the Advertiser.  Clearly these attacks are the typical pattern of CRL!  That is, to find a local advocacy group to become their spokesperson.  Of course, Alabama Arise does not need much in the way of encouragement to undertake this effort.

 

We have answered with this responseThe Montgomery Advertiser and the Mobile Press Register have agreed to run our response.  We do not expect that to be until after the elections due to the space taken up by political coverage.  We will post it as soon as it appears.

 

Responding to these types of one-sided, smear attacks against us and our customers is just one of the things we do at Borrow Smart.  We have launched several initiatives to communicate wise use of our services in these troubling times and initiatives to communicate the truth about our industry.  Go to www.BorrowSmartAlabama.com and click on the News Room tab for information on our latest initiative.

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