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Positions on Payday Loans

Date: Thu, 01/31/2008 - 17:16

Submitted by kscornell
on Thu, 01/31/2008 - 17:16

Posts: 4407 Credits: [Donate]

Total Replies: 6


So far, the only candidate among the ones still in the Presidential race who has come out with a position on PDL's is Barack Obama--who is proposing a cap of 36 percent on all loans, including PDL's. He is also calling for a ban on all offshore PDL's. Hillary Clinton has failed to mention anything that I have seen--and none of the major GOP candidates has said anything.
The only other candidate who said anything about pdl's was John Edwards and he's dropped out.
Speaking as a person who has been personally screwed and ripped off by PDL's, this is why my vote in my state primary on Tuesday will be for Barack Obama. If more of us pay attention to what the major candidate's positions are , this will be one way we can get what we want--an end to this horrible practice.