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Friday, February 22, 2008

Oly Outrage Pt. 2

posted by on February 22 at 13:24 PM

Other state legislatures, the latest being New Hampshire—are capping rates on payday loans.

The measure would cap interest rates on the small loans - which now top 500 percent in annual terms - at 36 percent a year.

The Democratic near-super-majority in Olympia has killed Rep. Sherry Appleton’s (D-23, Kitsap) payday loan bill two years running now.

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Can I borrow $100? I'll pay you like 12%.

Posted by ouch | February 22, 2008 1:43 PM

somebody go get our liberals back from portland.

Posted by Cale | February 22, 2008 2:09 PM

Nothing spells party like usury.

Posted by Will in Seattle | February 22, 2008 2:19 PM

This is a disgrace. Anytime you feel confident that the Democratic state legislature is doing the right thing by us, think of this.

Posted by George | February 22, 2008 3:14 PM

Yeah, why are they doing this? If you fall victim to a payday loan scam, you get what you deserve. Either that or you don't mind 20% monhtly interest.

Posted by Jason Josephes | February 22, 2008 3:57 PM

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