The shylocks | Arkansas Blog

Thursday, March 29, 2007

The shylocks

Posted By on Thu, Mar 29, 2007 at 6:06 AM

Old news, but it's worth a further review of the committee approval yesterday of the sham payday lending bill, the window dressing written by and for the greedy payday lenders to give cover to the craven legislators who've worked in behalf of protecting their usurious -- 300 percent and up -- interest rates. Benign amendments proposed to modestly improve the bill, such as by putting consumers on the board that "regulates" payday lenders, were described as "hostile." Exactly. Meaningful regulation of the bloodsuckers is hostile to their interest.

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