W. Allan Jones

Fighting Criticism, Pay-Day CEO Turns To Blogging

Derek Hawkins | April 5, 2010, 4:12PM

W. Allan Jones

To push back against criticism of the pay-day lending industry, W. Allan Jones, the high-living pay-day lender entrepreneur we've told you about, has turned to blogging. In his only post so far, the Tennessee multimillionaire and founder of the pay-day lending giant Check Into Cash, Inc., defended the industry's sky-high annualized interest rates.

As we've reported, Jones co-founded the Community Financial Services Association (CFSA), an industry trade group that played a key role in convincing Congress to weaken provisions in the financial regulatory reform bill intended to crack down on the industry's predatory lending practices.

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