What’s going on in Missouri?
February 1, 2010 | Missouri, industry | Comments (1)The Governor won’t stop talking about payday lending. From the article:
Gov. Jay Nixon wants changes to what he calls the “voracious” payday lending industry.
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Industry lobbyists say the changes could force payday shops to close and put people out of work.
Comments»
He’s been beating this same drum for years. When he was AG he would stand in front of stores and give the usual loan shark speech. He kept quiet during his first year in office as Governor, but now he’s relapsed. One of his puppets (Mary Still) proposed a bill to cap at 36% and also provided us with our favorite analogy of comparing the number of loan stores to the number of McDonalds.