If anything highlights the unreasonableness of payday lending critics, this article from the Daily Press in Virginia does. Simply put, nothing short of a complete ban on payday lending will please them. They are not to be believed when they say they support ”reforms.” The point if made by an industry defender:
”…a spokesman for Advance America predicted that the industry will struggle under the terms of the bill. He said critics don’t like the bill because they want to drive payday lenders out of the state.“They talk about reform, but what they really want is repeal,” said Jamie Fulmer.
Filed under: Media, Regulation, critics
