http://www.richmondbizsense.com/2009/03/10/car-title-lenders-dodge-regulations/ Richmond's Homepage For Business News Fri, 10 Feb 2012 02:28:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.richmondbizsense.com/2009/03/10/car-title-lenders-dodge-regulations/comment-page-1/#comment-1961 Lani Tue, 17 Mar 2009 16:35:55 +0000 http://www.richmondbizsense.com/?p=5439#comment-1961 Legislators really need to determine what their ultimate goals and objectives are before they begin proposing drastic legislation that will negatively effect free markets and capitalism. If full disclosure is always prevalent and enforced in any industry, the phantom need to apply more limits will not exist. In addition, stating that payday lenders began "evading regulations through the use of Virginia's open-end credit statute is a stretch. The majority of these lenders continued offering payday loans and also began offering additional services to ensure their profits didn't drop drastically. Legislators really need to determine what their ultimate goals and objectives are before they begin proposing drastic legislation that will negatively effect free markets and capitalism. If full disclosure is always prevalent and enforced in any industry, the phantom need to apply more limits will not exist. In addition, stating that payday lenders began “evading regulations through the use of Virginia’s open-end credit statute is a stretch. The majority of these lenders continued offering payday loans and also began offering additional services to ensure their profits didn’t drop drastically.

]]>