Laura Onstot’s article titled, “Key To Payday Bills? Make Sure Both Sides Hate It” is pretty funny. I’m also giving Laura some credit for giving the facts and offering a balanced synopsis of the payday industry in Washington.
The reality is that people don’t want payday lenders to go away, just like they don’t want oil refineries to go away. They just don’t like getting fleeced.
If people can acknowledge that there is a demand for a convenience, short-term loan product, fighting these legislative battles will be a whole lot easier.