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Consumer Law

: Caveat Emptor

Dolly Parton Says Payday Loans Are Un-American

By Sam Glover

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On a radio interview this week, Dolly Parton took Senator Bob Corker (R-Tenn.) to task over his opposition to a bill that would lower the interest rate payday lenders may charge from 400% to 36%:

For a dad and a mom trying to raise some kids on a military paycheck, a 400 percent interest rate is not just dumb, it’s un-American.

Dolly Parton gets it.

Dolly Parton Takes On a U.S. Senator | The Boot (thanks, Donna!)

(photo: Nesster)

Full post as published by Caveat Emptor on March 23, 2010 (boomark / email).

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