In the wake of yet another city looking to impose limitations on payday loan businesses, Sarah Longwell – the director of communications for the Center For Consumer Freedom – responded Wednesday with the argument that the proposed laws could hamper lenders’ ability to serve their customers.
"Borrowers are best served when they have more choices to pick from, not fewer – and an economic downturn is no time to raise costs for low-income workers," wrote Longwell in a recent editorial published Wednesday in the Des Moines Register.
The editorial was written in response to an article that had appeared in the publication on November 28 that spoke of Des Moines Councilors Christine Hensley and Brian Meyer proposal to look into zoning laws that could prohibit payday loan businesses from opening within a certain distance of each other.
Longwell is one of the more vocal opponents of city and state law proposals that would either limit the rates payday lenders can charge for their service or adjust zoning statutes to keep them from operating too close to one another.
Longwell sent a similarly worded letter sent to the Columbia Daily Tribune in Columbia, Missouri in the wake of proposed legislation to limit lenders from opening in the city in November. Additionally, Longwell also wrote a letter to the Augusta Free Press in October in objection to Attorney General candidate Steve Shannon’s proposal to cap fees that lenders can charge.
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