More on the Proposed Safe Lending Act

by Jeff Sovern

Earlier in the week I linked to a Times editorial, Bleeding the Borrowers Dry, about the practice of online payday lenders of lending to consumers in states that bar the kinds of high-interest rate loans payday lenders provide.  Here is a link to my letter in the Times about the prospects of a bill that would block payday lenders from charging higher rates than allowed in the state the borrower lives in. 

Comments

[Lance]

Short and to the point good stuff! They do this type of consumer proposal in calgary

[Consumer Proposal Calgary]

Thanks for posting this. It's short and to the point, and I like that. Good job. :)

[Kikidi Stiles]

Is this a good consumer proposal in Edmonton? I am wondering what is best for this country.