Good move.Payday loads are indeed predatory, but they are freely
made commercial transactions between a lender putting their money at
considerable risk (with potential for considerable profit, if paid back) and a
borrower who probably has very little chance of getting a loan from a "real
bank."Conditions are spelled out clearly and borrowers are free
to accept or reject the terms, incluidng the venue for litigation.Nanny state intervention is neither appropriate nor necessary.What
would help would be to instill in people the ideas of thrift, avoiding
indebtedness, and a work ethic so that you have a job, earn money and pay for
what you need, and do without what you cannot afford. But, even
that is a societal obligation, not a government job, and indeed the federal
government is a perfect example of making poor financial decisions.
Hilton said she was "stunned" by the committee's vote.Hilton clearly has not done her homework or she would not have been shocked at
all. Follow the payday loan money it leads back to our senators. they are
protecting their own interest not the peoples. "The person who
had been our biggest supporter for this issue voted no," Hilton said,
referring to Valentine.Again Hilton obviously did not do their
homework or they would have known that Valentine cannot be trusted. I have
personally been bullied by Valentine when I tried to use my right to contact our
state representatives. He clearly believes the voters should not have a voice.
Is there any way to find out how many legislators -- and specifically those on
this committee -- have financial interests of some kind in these businesses?
'Nanny state intervention is neither appropriate nor necessary.' - DN Subscriber
| 12:20 p.m. Feb. 1, 2012 So then, we can do away with State Run
liquor stores? How about... **'Bush signs $700 billion
bailout bill' - AP - Published by Denver Post - By Tom Raum - 10/03/08
@DN subscriber and peganIt must also mean we should do away with
state restrictions on gay marriage and other social conservative nanny issues.
Oh wait I forgot according to people like DN subscriber restrictions on the
nanny state should only ably to corporate america not individuals after all
businesses are not just "people" they are superior people deserving of
special considerations us mortals can only dream off.
DN you missed the whole point of the bill although the title of this article
doesn't help.Right now the Provo courts are totally overwhelmed with
these cases. They should be tried in their own area, not in Provo. And yes the payday loan people have many friends in the legislature.It is sad really. I drive down State street in Orem and pass at least 10 of
these places in about a 2 mile span. Usury at its finest. What a waste of your