An Open Letter to Congressman Gutierrez

I found this letter at Payday Pundit. It’s a plea to Rep. Guitierrez to not cap rates on payday loans. The letter is well written and consice.

Personally, I think Rep. Guitierrez is sticking his neck out on this issue. I believe he realizes that there is a need for a cash advance product. Payday loans are very polarized and most politicians are afraid to speak the truth.

Thanks to Payday Pundit for always providing the good stuff for our industry.