Commentary on recent legislation in New Hampshire that, among other things, bans payday lending:

The bad news is if you smoke cigarettes, drink wine, buy property, run a poker tournament or need a short-term loan, you could wind up paying more.

…Lynch will soon sign a law capping the interest rate that can be charged by payday loan agencies or title loan agencies to short-term borrowers. The cap would be 36 percent after Jan. 1.

Payday operators say they can’t survive on the restriction and will close shop in the state. They predict borrowers will end up paying more, if they’re even able to get such quick loans from credit unions or other lenders.