Paydirt for Don Tilton | Arkansas Blog

Paydirt for Don Tilton



Tilton and other lobbyists for the avaricious payday lending "industry" will be handsomely rewarded. The bill to curb their usurious practices got precisely one vote in Senate committee today -- Jim Argue's.

The $2,500 put into the campaign coffers of committee members was, you can see, a tiny investment to preserve a multi-million-dollar pox on working people.

Have you been noticing the check cashers' slimy advertising push recently? How they would never encourage a borrower to abuse short-term credit?  Right. The whole system relies on people perpetually re-upping loans and running up huge debts at interest rates of 300 percent and more.

PS -- Sens. Jack Critcher and Terry Smith weren't present for the meeting. Barbara Horn seconded Jim Argue's do-pass motion, but in the vote, only Argue was heard to vote for the bill. There will be a second run.

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