Stale Green Light

It’s that time of year again, legislative session. States are all weighing in on what laws to make regarding their people. Yet again, payday loans are a hot topic. Lobbyists and consumer advocates are hitting legislators harder than ever to ban payday loans. Do payday loans merit such treatment?

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Yeah it sounds like a good idea. Create an organization that is a watchdog of sorts in the lending world. We could probably use such a thing. But after the latest revelation on the founders of CRL, you really have to wonder…

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It never ceases to amaze me how ignorant some lawmakers can really be. It honestly doesn’t inspire much confidence in our entire legislative system. But here we go again, state legislatures are in session and payday loans are on the chopping block in several of them.

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