Confusion in the Blue Grass State
March 27, 2009 | Kentucky, Lexington Herald Leader | Comments (0)Today’s editorial in the Lexington-Herald Leader is all over the place. They are upset that progress on passing additional regulations on payday lenders has been slow, they advocate for rate caps (which they admit will shut lenders down), yet they urge the governor to veto the reforms that have been passed.
Payday lending in the Bluegrass State
March 30, 2008 | Georgetown News, Kentucky, industry, media coverage, positive media coverage, regulation, states | Comments (0)In an op-ed, An ‘interest’ in Common Sense, Jim Waters of Kentucky’s Bluegrass Institute, writes:
“The Kentucky legislature’s attempt to regulate the payday-loan business comes with a large dose of irony.
“Recent budget circuses in Frankfort have resulted in politicians racking up a record amount of debt that requires payback at a high price. Yet, lawmakers want to make it harder for single mothers, blue-collar workers and low-salary employees – who really might need to borrow money.
“I thought [Rep Johnny] Bell’s political party philosophy focused on helping single mothers, the elderly, the financially challenged and the “little guy.” It turns out that like so many of the government policies we see nowadays, this proposal harms the very people it claims to help.
