Montana: Interest rate cap will go to voters

Mon, Sep 27 2010 — Source: Bozeman Daily Chronicle

An initiative going before voters this fall would put stronger restrictions on the controversial payday loan and title loan industries, to the point that industry representatives say it would put their stores out of business. And that’s not a bad thing for those who think the companies are little more than modern-day loan sharks.

Read the story from the Bozeman Daily Chronicle