Senator McCoy has a selection:

Keep $36 million a year in usurious charges in iowan’s pouches plus in our neighborhood economy

Defend 400% rates of interest and continue steadily to remove wide range from our communities.

In a sit back ending up in CCI people, Senate Commerce Committee Chair Sen. Matt McCoy (D-Des Moines) claimed no intention is had by him of considering Senate File 388, a bill to cap rates of interest for pay day loans at 36%. Continue reading →