Public Officials Nervous About Payday Loan
Day before yesterday, as I was absentmindedly listening to the 5:00 news briefs on my route back to my condominium from my vacation, I caught an annoucement that really clutched my undivided attention. The legislators in Massac husetts are attempting to ban all payday advance lending immediately. As the newsperson was telling the report, I started to fume! The clueless congressmen are charging Online Payday Loan corporations for triggering financial problems for the poverty-stricken and they firmly feel that pay day loan clients should be saved. I thought to myself, that it would be a fabulous thought if they might likewise move in on banks that accumulate whopping fees for overdrafts, phone businesses that compile late fees in addition to re-connect charges, and Fortune 500 credit card businesses that out of the blue assert exuberant interest fees.
