Your tax dollars at work
March 18, 2008 | Memphis Daily News, Tennessee, industry, industry critics, media coverage, regulation, states | Comments (0)This story highlights the activities of a government-paid busybody–the community affairs specialist at the Federal Reserve Bank of St. Louis,– who thinks it’s her job to put payday lenders out of business. She says she’s just advocating for “cheaper alternatives” but this “advocacy” seems to cross the line. So the industry is now paying taxes to pay the salaries of people who want to put it out of business.
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