Comments on: April 8th showdown in Kansas City on Payday Lending fee http://paydaypundit.wordpress.com/2008/04/02/april-8th-showdown-in-kansas-city-on-payday-lending-fee/ Blog of the payday lending or payday cash advance industry Thu, 22 May 2008 20:27:25 +0000 http://wordpress.com/ hourly 1 By: paydaypundit http://paydaypundit.wordpress.com/2008/04/02/april-8th-showdown-in-kansas-city-on-payday-lending-fee/#comment-382 paydaypundit Mon, 07 Apr 2008 18:39:35 +0000 http://paydaypundit.wordpress.com/?p=178#comment-382 3rd rock, In Missouri, payday lenders charge a fee of around $15 per $100. Not outrageous when you consider the alternatives (bouncing checks, late bill payment fees, etc.) The payday lending industry is already heavily regulated in Missouri. Taxing the business an additional $1000 does nothing to help consumers. It will go directly to paying the costs associated with the oversight of the new regulations. In the end, as with all taxes, business will likely pass along the costs to their customers. How exactly does this help the people who need cash between paychecks? 3rd rock,
In Missouri, payday lenders charge a fee of around $15 per $100. Not outrageous when you consider the alternatives (bouncing checks, late bill payment fees, etc.)

The payday lending industry is already heavily regulated in Missouri. Taxing the business an additional $1000 does nothing to help consumers. It will go directly to paying the costs associated with the oversight of the new regulations.

In the end, as with all taxes, business will likely pass along the costs to their customers.

How exactly does this help the people who need cash between paychecks?

]]> By: 3rd rock http://paydaypundit.wordpress.com/2008/04/02/april-8th-showdown-in-kansas-city-on-payday-lending-fee/#comment-381 3rd rock Mon, 07 Apr 2008 18:33:02 +0000 http://paydaypundit.wordpress.com/?p=178#comment-381 I say TAX 'EM!!! With the % they charge, they can damn sure afford it! Maybe some of that $$ can go to the buses, cuz I sure aint gonna vote for it! VOTE YES on this, no on the smoking ban, no on the buses! But....however u feel, please VOTE!! I say TAX ‘EM!!! With the % they charge, they can damn sure afford it! Maybe some of that $$ can go to the buses, cuz I sure aint gonna vote for it! VOTE YES on this, no on the smoking ban, no on the buses! But….however u feel, please VOTE!!

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