Loan Sharks Agree to Cap Their APR at 1,564% if Legislators Agree to Call it "Reform"

Rumor has it that the Sharkmeister Speaker Speaker Tilley was lurking in the hall outside Don Well's (R-Kwik Kash) Financial Institutions hearing last week.

Doobie Wrap Ellen Brandom and Kwik Kash were able to get all the Republicans to go on record voting FOR an APR of 1564%. This is pitched as reform by the predatory lenders legislative sponsors, but is really just the Payday Lenders Protection Act.  Will Birther Tim Jones and Sharkmeister Tilley bring it to the floor and proudly vote for a rate that would make Al Capone blush? We'll keep you posted.