payday lending

Welcome back to my Friday column. As always your tips and thoughts are weclome at idonnis (at) ripr (dot) org. Let's get to it.

A report by the Pew Charitable Trusts contradicts House Speaker Gordon Fox's view that clamping down on payday loans would push desperate borrowers to worse alternatives.

During an interview broadcast Thursday on RIPR, Fox called payday loans "a valid tool" for people without other places to turn for money.

House Speaker Gordon Fox sat down this week with RIPR political reporter Ian Donnis to discuss his legislative priorities for 2013 and other issues, including payday lending.

Gordon Fox makes his way to the rostrum after winning reelection
Ian Donnis

House Speaker Gordon Fox is defending high-interest payday loans as a useful tool for borrowers who might otherwise face even worse alternatives.