The newly sworn-in Attorney General has done one thing that I agree with. I know it may sound amazing, to those of you who know me, but he has. Take a look at this:
TOPEKA - Saying their industry takes advantage of the poor and the vulnerable, Attorney General Paul Morrison (D) promised Friday to push for new restrictions on payday loan companies.
Morrison announced that he'll convene a daylong "round-table discussion" on payday loans and check-cashing businesses, with an eye toward lower limits on what they're allowed to charge consumers who take out small, short-term loans.
To lead the discussion, he appointed Holly Petraeus, the wife of Fort Leavenworth's commanding lieutenant general, who led a push for restrictions on payday lending to soldiers. Morrison said he hopes to have proposals for the Legislature to consider before it adjourns in late April or early May.
"We think we know the direction that we need to head, and we're just going to get these heads together, people who know about a lot about this issue, to make some recommendations," Morrison said during a news conference.
Whitney Damron, lobbyist for the Kansas Payday Loan Association, said he wasn't aware of any problems within the state and that rates charged by its companies typically are lower than those in surrounding states.
http://www.kansas.com/mld/kansas/news/local/16505595.htm
1 comments:
The more of these that we get rid of, the better.
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