The bloggers network has been having a debate about payday lending.  This post by an Ohioan blogger, Simon Barrett, is a must read.  Here is the conclusion:

There are also arguments that without this avenue of emergency lending people will be forced to seek more riskier methods to obtain money. The vast majority of the Payday loan customers to not have other avenues of credit to pursue. Much is written about the plight of the working poor and the tightrope they walk, one paycheck away from homelessness, this legislation could well be the straw that breaks the camels back for some low income families.