Payday Pundit

From today’s paper: 
Payday loans shouldn’t be and mostly aren’t anyone’s first choice in borrowing money. People being responsible in their spending would be advisable. That said, emergencies do arise. If someone is willing to accept the terms of these loans when he needs money, that person ought to be free of government interference to do […]

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No kidding.  Here’s an article out of Lima, Ohio that makes that point in spades.

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LTE published in today’s Lima News:
Facts being lost on payday lending issue
JOSEPH FLOHRE, Lima
The state of Ohio is trying to drop the hammer on an industry that has been successful and serves a lot of people. This statement alone makes it seem like a no-brainer. The state is wrong.
However, when you say the industry is […]

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…says the op-ed by Ronald Lederman Jr in today’s piece in the Lima News.
They indeed are at it again - trying to put state government in the role of nanny for adults who should be free to make financial decisions for themselves.

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So says John Berlau of the Competitive Enterprise Institute who weighs in on the payday lending fight in Ohio in a guest editorial in the Lima, Ohio newpaper. 
More from the piece:
        Evidence is already mounting from other states that caps on payday loans reduce choices for consumers and leave them financially worse off than before. And, ironically, […]

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