Tuesday, June 2, 2009

Payday lenders target Terry

Virginian Pilot
June 2nd, 2009
Julian Walker

Payday Pundit, a blog of the national trade group for payday lenders, has a post on its Web site urging readers to contact Democrat Terry McAuliffe's gubernatorial campaign about his criticisms of the industry.

McAuliffe has said he will work to ban payday lenders from Virginia, which began regulating the industry earlier this decade.

Accomplishing that goal could be a challenge.

The state legislature has passed laws to further control the industry in recent years, but has not shown a willingness to completely banish it.

Click here to read more.

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