Home » OPINION » Columns » OUR VIEW — Who are legislators protecting with payday lending loophole?

OUR VIEW — Who are legislators protecting with payday lending loophole?

That seriousness Mississippi’s legislators showed back in 2012 over whether to reauthorize payday lending seemed so sincere at the time. They could allow the payday lending industry to strengthen its hold on Mississippi’s working poor, tip the rules to increase borrower protections, or ban the low-dollar lending altogether. The wrangling ended with lawmakers proclaiming a ...

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2 comments

  1. This entire economy is driven by credit, as most of us could not get by without it in some form. People turn to these lenders because they cannot access the other conventional forms of credit that the rest of us rely on. You can’t deny access to credit for whole populations of people based on how a few people get into debt problems.

  2. This usury is evil. Jesus would tell you that. Keep on digging yourself a grave in hell, Mississippi.

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