Payday lending regulation back on the table

Del. Glen Oder (R-NN) has introduced a bill calling for a 36% cap on interest rates for payday lenders. I’m not going to rehash all I’ve written about payday lending; suffice it to say that putting these lenders under the same regulation as other lenders is a step in the right direction.

Contact your legislators, ask them to sign on as a patron of this bill and ask them to support it.

37 thoughts on “Payday lending regulation back on the table

  1. Brian, what would you know about “adults speaking”?????

    You have no grasp of the concept and certainly shouldn’t be shaking your finger in anyone elses face.

    Might try practicing what you preach before handing out advice!

    Boring Daft real slow huh?

  2. Brian, Donald was going on about some ridiculous notion of freedom and liberty that implied gov’t had no business ever constraining the choices someone might make. The slavery bit made exactly that point. Please try to keep up.

    And it’s not so much being afraid of freedom as being concerned that even someone like you ought not be left too far behind.

  3. Well, BM, you missed the point by a wide margin. Your ridiculous slavery example was about one person, the parent, constraining the choices of another, the child. One of the main purposes of government is to keep some people from constraining the choices of others. It is not the job of the government to constrain individual choices that do not harm others, nor is it the job of the government to protect people from their own stupidity.

  4. One of the main purposes of government is to keep some people from constraining the choices of others.

    The irony, it overpowers.

    It is not the job of the government to constrain individual choices that do not harm others, nor is it the job of the government to protect people from their own stupidity.

    And yet you’re still here, Mouse. As best I can tell, it couldn’t possibly be the result of your own hard work and smart choices.

    And really, BM? Were you a scriptwriter for Superbad or something? I’ll lie and say it was funny the first time, but really, it’s just lame. Work harder and find something new. Your sole value here is as entertainment. If you can’t do that, maybe it’s time to move on.

  5. I would just like to say that a payday loans should not be looked at in a annual percentage,….the loan is not intended for long term financial needs. If you look at the term of the loan, its only at a 15% intrest rate. And further more if people want to come get a loan its there right to come get it,…the bank is not going to give you a small unsecured loan,…they are going to want u to take out at least 1500 to 3000 and want you to put something up for a collateral. Just another thing that this stupid state is going to take from you,… This state is so restricted that I am surprised that you dont need papers like a passport to come in and out of virginia. Commonwealth=Communism!!!!

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