DC Says No to Loansharks

"Lenders have finally got religion, but I think the church doors are closed," declared Metro Council President Jos Williams after the community Town Meetings last week on curtailing payday lender rates. At the Town Meetings, hosted by the Washington Informer and Washington Afro-American, community attendees strongly rejected the bid by payday lenders to "reform" the practice that permits such lenders to charge as much as 500% interest. The DC City Council votes tomorrow on the bill.
- reported by Rick Powell