Wednesday, May 12, 2004

Good article on the very bad payday loan industry

This article in Slate on the payday loan industry is worth a read.

There is an ongoing stuggle in Illinois to impose interest rate caps and otherwise clean up the industry. I know some of the good guy lobbyists, but am not really involved in it. Citizen Action/Illinois is one of the groups most involved in taking on the payday loan industry here. I'll try to track down some bills.

No comments: