Submitted by PD2008 (not verified) on July 31, 2008 - 12:52pm.
After reading a few news stories that came out of the State of Virginia over the last few days, I can’t get what should be a great Barenaked Ladies remix out of my head: “If I had $20 million dollars, I’d buy you a legislature!” Check this out: http://www.dailypress.com/news/opinion/dp-ed_lobbying_edit_0730jul30,0,1....
The industry succeeded in BUYING higher interest rates! Now they can charge 592% in Virginia, much higher than the already outrageous 391% they charge in Ohio.
What is even more amazing is that the payday lenders’ lobbying association (CFSA) brags about this on their industry blog (paydaypundit.org)! They are proud of the fact that they have bought and paid for a favorable Virginia General Assembly. They should be ashamed.Thank goodness the Ohio General Assembly didn't succumb to campaign contributions and decided to act in the best interest of the people.
Payday lenders are now trying to buy an election in Ohio. There is no doubt they will stop at nothing to try to dupe Ohio voters into overturning a great consumer protection bill, House Bill 545. Their mantra is going to be "secure your financial freedom," which is not very original. How about a little freedom from exploitation!
If I had 20 million dollars...I'd buy you an election!
After reading a few news stories that came out of the State of Virginia over the last few days, I can’t get what should be a great Barenaked Ladies remix out of my head: “If I had $20 million dollars, I’d buy you a legislature!” Check this out: http://www.dailypress.com/news/opinion/dp-ed_lobbying_edit_0730jul30,0,1....
The industry succeeded in BUYING higher interest rates! Now they can charge 592% in Virginia, much higher than the already outrageous 391% they charge in Ohio.
What is even more amazing is that the payday lenders’ lobbying association (CFSA) brags about this on their industry blog (paydaypundit.org)! They are proud of the fact that they have bought and paid for a favorable Virginia General Assembly. They should be ashamed.Thank goodness the Ohio General Assembly didn't succumb to campaign contributions and decided to act in the best interest of the people.
Payday lenders are now trying to buy an election in Ohio. There is no doubt they will stop at nothing to try to dupe Ohio voters into overturning a great consumer protection bill, House Bill 545. Their mantra is going to be "secure your financial freedom," which is not very original. How about a little freedom from exploitation!