The Texas fight is a “showdown,” so what should we call Mississippi?  From the story: 

There is no doubt that payday lenders serve a need. Their customers often have poor credit histories or lack collateral that traditional banks require.

————————

Before they vote to extend the loophole or close it, they should conduct a close study of the issue. What would happen if the original 36 percent interest rate was raised? Would that allow the payday lenders to remain in business?

What would happen if the loophole is closed? It’s likely many of the lenders would close their businesses. But where would the working poor go for short-term loans?

Yes, do a study. Real scholarship always proves the need for payday lending.