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Bipartisan support for 'cap the rate'

 

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Bipartisan support for 'cap the rate'

Rep. Anders Blewett, D-Great Falls,and Rep. Jesse O'Hara, R-Great Falls

Examples of true bipartisan agreement seem to be all too rare these days, but we've found one. Both of us agree that 400 percent interest is too high, and that something must be done to protect Montana consumers and the state's economy from predatory lending practices.

That's why we're supporting Initiative 164.

If passed, this initiative will do what the Montana Legislature has failed at during every session since 2003: Cap the interest rate on predatory payday and car title lo...



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