The Associated Press, today ran a story we have been following for a while covering the payday loan industry's court battles with the state. While there are many payday loan opponents in government, we rarely hear of government officials offering alternatives.
NEW YORK (Associated Press) - Payday lenders fighting to repeal a statewide crackdown on their industry on Monday sued two of Ohio's top elected officials, arguing that repeated hurdles the lenders have faced in getting the issue on the November ballot are unconstitutional.
An industry group called the Reject House Bill 545 Committee claims in the suit filed in Franklin County Common Pleas Court that a failure by Attorney General Nancy Rogers and Secretary of State Jennifer Brunner to act promptly on its proposed ballot language violates its rights to try and overturn the law. Rogers has failed to certify three versions of the group's petition language.....
The suit came the same day Cash America International Inc., a pawn broker and cash advance provider, said it expected to post a second-quarter profit of 62 cents to 64 cents per share _ up about 10 cents from previous expectations.
The company said it has not yet closed any of its locations in Ohio as a result of the new law. The company said in May that the change could force it to close up to 139 Ohio locations
What is important to note is that when the government fights to take away programs from people ing need, it should just the same work to offer alternatives. I see people working hard everyday trying to stay afloat. Payday Lenders serve a useful purpose.
Posts
No comments:
Post a Comment