Submitted by Jim (not verified) on June 5, 2008 - 7:09pm.
This ruling is ridiculous. Now, instead of having a viable credit option when money is tight and bills need to get paid, these customers will end up overdrafting their checking accounts. Or their utilities will get shut off. And those fees are steeper than $15 per $100 borrowed. (Too bad we can't associate an APR with an overdraft fee).
So, Nice work Ted Strickland. You've intefered with the one thing that makes this nation great - the free enterprise system... Here's to government making decisions for us! Oh, and for eliminating 6,000 jobs.
Nice Work Ted (that's sarcasm)
This ruling is ridiculous. Now, instead of having a viable credit option when money is tight and bills need to get paid, these customers will end up overdrafting their checking accounts. Or their utilities will get shut off. And those fees are steeper than $15 per $100 borrowed. (Too bad we can't associate an APR with an overdraft fee).
So, Nice work Ted Strickland. You've intefered with the one thing that makes this nation great - the free enterprise system... Here's to government making decisions for us! Oh, and for eliminating 6,000 jobs.
Very interested to see the long-term outcome,
Jim