Mr. Groff makes a lot of good points. Having access to the stats generated by Veritec's data base, one that's been implemented in - I believe - 8 states in total, he's in a position to provide a unique perspective on the payday loan industry. Solving the "cycle of debt" and "ability to pay" issues are critical to serving the millions of payday loan borrowers who want, and need, access to small dollar credit while enabling lenders to achieve some level of profit.

I do wonder if a sovereign tribe elected to charge payday loan fees that are in compliance with the state in which the borrower resides AND implemented the Veritec data base, would Mr. Groff still consider the tribe's payday loan product illegal?