C.O.A.S.T sides with payday lenders

In an interesting turn of events, the Coalition Opposed to Additional Spending and Taxes (C.O.A.S.T.) is urging voters to shoot down the law recently passed in Ohio that would cap rates, but more importantly establish a state regulated database.

This article is very interesting for a couple of reasons. I would like to share the comments made by Jason Gloyd, who is the chairman of C.O.A.S.T.

“Orwellian” provisions, such as the establishment of a database of loan transactions with personal information; the limiting of payday loans to four per person per year; and an education program for anyone who takes out a second loan within 90 days.”

“Let us make our own decisions and stop interfering with our lives,”

“Most importantly, stop tracking our behavior – and stop trying to modify it.”

Amen brother. In an attempt to help people, the government is just making people dumber. If we take away people’s ability to make financial decisions, we keep them at the bottom.

by admin

Bookmark the permalink.

Both comments and trackbacks are currently closed.