Will Obama Cap Payday Loan rates at 36%?

We don’t have enough information and we don’t know how high it is on Obama’s list of priorities. One thing we do know is that he likes the 36% number. Here is a linke to his entire plan.

At the end of the day, he’s still a politician. President-elect Obama will also have a lot more pressing issues like: the Iraq war, healthcare, terrorism, the environment and taxes.

I just hope that he realizes you just can’t put people out of business. The demand exists for small, short-term loans.

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