From FITSNEWS:

In fact, this anti-payday coalition has worked behind the scenes to kill a bill that would have dramatically scaled back the industry and prevented consumers from taking out multiple payday loans at the same time – just part of the effort to isolate “problem” borrowers from the thousands of people who use payday loans responsibly.

So what gives?

Aside from the fact that these demagogues and their left-leaning lobbyists are turning their backs on the very people they claim to be helping, what’s really at work here?

It’s simple – they don’t want to lose the spotlight on an issue that keeps their bellies fed.

And one that the, um, “media” remains obsessed with.

In other words, they’ve got nothing to gain and everything to lose by a real reform bill passing.