Payday Lending Ban in State Senate
Tuesday, April 15th, 2008 By Marc Kilmer
A bipartisan group of state Senators has introduced legislation to ban payday lending.
I’ve discussed the concept of banning payday lending and the faulty thinking behind such a ban here, here, and here. The paternalistic notion that some people are too stupid to make their own financial choices and flawed economic reasoning is animating the anti-lending forces.
It’s unfortunate that these tendencies seem to be so widespread among Ohio’s legislators.
Tags: Regulation
