COUNCIL FOR FAIR LENDING

SPECIAL MEDIA REPORT

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

A SURPRISE REPORT FROM AN ALABAMA SENATOR 


Borrow Smart Alabama Is Working!


November 26, 2007

 

As you know, we launched Borrow Smart on October 18th.  We knew almost immediately the program would be a hit.  We knew because of the great turn-out at our first press conference and the number of newswires that picked up our story within an hour of the press conference. We were not, though, sure of the impact it might have on one of our target audiences -- the Alabama Legislature.

 

Not many have heard this story, so here goes.  It turns out that Senator Barron (Speaker Pro Tem of Alabama Senate) was in Montgomery the week after our kick off announcement and read this article in the Montgomery Advertiser .  He called  Michael Sullivan (lobbyist for Title Pawn Council and CFSA) and asked if he had heard about this and wanted to know who these Borrow Smart people were.  After Michael explained it was "us" he commented that this was a "great thing for the industry."  He further indicated that this move would take heat off of some legislators to act against our industry.  He was also interested in knowing who the companies were behind this effort (see the leadership list).

 

There have been other similar reports, but this one was significant for many reasons.

 

This is just another great example of our members being recognized for this effort.  Clearly, our Borrow Smart members and stores are becoming noticed by those who count.