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What “benefits of the bill?”

May 27, 2008 | Uncategorized | Comments (0)

HB 545

An Ohio blogger writes

I wasn’t surprised to see this Cashland branch is opposed to House Bill 545 because they stand to lose significant profits.  However, just who are they attempting to appeal to with this sign?  I hope it’s not regular people that use these payday loan businesses.  It would be pretty difficult to find a consumer that would side with the payday loan business if the benefits of the bill were fully explained to them.

Payday Pundit has just one question for the blogger: what exactly are the benefits of this bill?  How does banning payday loans help the “regular people who use these payday loan businesses?” 

Payday Pundit wishes to be a fly on the wall if ever the elected officials in Ohio are forced to explain the “benefits” of banning payday lending to the hard-working Ohioans who use them.

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