Where the candidates stand: payday lending

2007 General Assemby races, Local, Norfolk, Payday lending, Politics, Virginia 1 Minute

VP payday lendingAnother good issue to look at, The Virginian Pilot today shows the candidates’ stand on payday lending. For those who are unfamiliar, Virginia has a limit on interest rates of 36% – except for payday lenders, who are allowed to charge rates approaching 400%. (The statute allows for a fee of $15 per $100 borrowed.) Again, this is an issue that I’ve written about in the past.

Graphic credit: The Virginian Pilot (click to enlarge)

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16 thoughts on “Where the candidates stand: payday lending”

  1. “If the reasons are so good, why didn’t they exist prior to 2002?”

    They did, Vivian. We had abortions before Roe v. Wade, too.

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