The Payday Pundit woke up to a nice editorial in the Rocky Mountain News , Payday Loan Overkill, urging the legislature to oppose restrictive legislation that could put the industry out of business in the state.  The money quote:

“As we said in November, for some residents who don’t have access to other forms of credit, or ready access to cash, payday loans can be the least expensive option when money gets tight. Late fees or bad-check charges can exceed the transaction costs of a payday loan. Repeatedly missing bill payments can mean the end of check-writing privileges and further damage credit scores.”