“Education, not legislation, key to payday loans issue”
May 30, 2008 | media coverage | Comments (0)From an editorial published in Canada’s Owen Sound Sun Times:
Payday loans are again in the news. I have just watched some socialist do-gooder blithering on about how legislation is needed.
…Legislation resulting in the payday loan companies not being able to earn enough to justify the risk they are taking will mean their closure and those wanting to make a short-term loan will have to borrow from the guy on the corner. The one who will lend people money accepting the fact that they have two good arms as collateral. How are all the do-gooders going to feel when these borrowers start getting hurt, or worse?
Smart words from our friends up north.
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