Categorized | Montana, regulation

Flattened in Flathead

From the story:

Several local short-term loan businesses in the Flathead are shutting their doors after voters passed an initiative capping the interest rates they can charge their customers.

Shelley Gould of Red D Cash in Evergreen said she will be closing after 10 years now that I-164 is in place, putting herself and another employee out of work.

“This is really, really a travesty,” Gould said. “(It’s) knocking on the door of free enterprise – shut down free enterprise if we don’t like what they’re doing.”

Well said.

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2 Responses to “Flattened in Flathead”

  1. MayDay Loans says:

    Well hello Montana, Ohio & Arizona…I’m your new lender:
    http://seattletimes.nwsource.com/html/localnews/2013427831_hardmoney14.html?prmid=obinsource

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  1. [...] factually incorrect reporting that has led to thousands of payday loan workers losing their jobs.  I posted just Monday about Montana stores closing, workers losing their [...]


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