Interest rates on payday loans would be capped at 36 percent under a proposal Republicans are circulating in the Wisconsin Legislature.
New regulations on the payday lending industry took effect in December, but the previous Legislature controlled by Democrats rejected a cap on interest.
What about all the folks who will no longer be able to get cash? Who'll starve b/c they can't borrow a few bucks in payday-anticipation? Are the Republicans killing off the poor?