Glen Tenney's Online Resources
Topic: Fringe Banking

The Social Blessings of Usury By Glen Tenney	This short article deals with price ceilings in another segment of the Fringe Banking” arena: Payday Lending. (3 pages, 2005)
Pawnshops Serve a Public Function By Glen Tenney	Price ceilings in the pawnshop industry apparently come at a great cost to the poor, and this is not usually recognized by those striving to protect the poor from the so-called “unscrupulous” actions of pawnbrokers. This short article is an introduction to the more comprehensive work done by Dr. Tenney in his Dissertation research at Touro University International. (2004, 2 pages)
The Effects of Government Regulation on Competition and Supply in the Pawn Industry: A quantitative and Qualitative Study By Glen Tenney	This is Dr. Tenney’s finished dissertation at Touro University International. (214 pages, 2004)
Payday Lending: Serving the Unbanked By Mike Foley	Foley points out that payday lenders serve an underrepresented sector of the economy on terms that such a sector can live with. And he further debunks the “debt trap” notions put forth by those who would regulate these lenders. (2004, 2 pages)
In Defense of Payday Lending By Tom Lehman	Tom Lehman (Indiana Wesleyan University) suggests that, for the sake of the low-income people, the price ceilings and other government interventions in the payday loan market should be dropped. (2003, 2 pages)
Lies of the Prize By William Anderson	Anderson (Frostburg State University) comments on the award of the Pulitzer Prize to John C. Bersia for his series of articles denouncing “fringe lending” practices in Florida. Professor Anderson defends payday loans and check-cashing operations as meeting the needs of people with very high time preferences. (2000, 2 pages)

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