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Updated: 7:49 AM Feb 5, 2008
Payday Lending Reform Legislation Unveiled
RICHMOND, Va. Comprehensive payday lending reform legislation unveiled. Compromise reform measure includes 36 percent cap on interest, set fees, and an independent database.
Posted: 12:11 PM Feb 4, 2008 |
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2 Comments
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Can the government please stay out of my money making decisions? I do not need them telling me how to get out of debt when they can't do it themselves. The government is trillions of dollars in debt and they think they are the experts on how I should get out of debt? Ridiculous! Payday loans are $15 per $100, I think I can make my own $15 decisions without their help.
Making these changes in the payday lending industry is NOT in the best interest of ALL Virginians! What they are not thinking of is that ALL the Virginians who work in these stores who are going to be hurt by these changes that will eventually put the payday lending stores out of business. These changes will put these Virginians out of work. What is good about that??????? I think that other issues could be addressed instead of these stores. I think that this bill to make changes in these payday lending stores needs to be thrown out or killed and not even be considered!