Tagged: I-164

Posted: October 11, 2010 at 7:36 am

AG Bullock Walks the Walk

Montana’s Attorney General Steve Bullock has a record of standing up for people of all income levels, that’s probably part of why he wanted become our Attorney General — to run the agency in charge of protecting Montana consumers.   So when Steve sets up an economic forum, like the one he’s putting on October 13th in Missoula, it is refreshing to see that it will focus on what changes in the financial sector at the national level will mean for  Montanans, rather than billionaires.

As the Missoulian reports:

The conference will feature a number of national speakers including Federal Trade Commissioner Julie Brill, U.S. Sen. Jon Tester, and author and former New York Times journalist Gary Rivlin.

It’s also nice to see that the conference will also include an in-depth panel on Initiative 164, the ballot initiative we’re voting on this cycle that would limit the interest charged on payday loans to 36 percent.  We see a lot of politicians endorsing the initiative these days, which is good, but Steve Bullock, and to some extent Sen. Tester who is also participating, shows he means it by helping to provide information to consumers beyond the sound bites and the publicity hits we’ve seen from others.

Additional information and online registration are available at www.consumerprotection.mt.gov.

Posted: September 18, 2010 at 1:13 pm

Meet the Opponents of the Cap the Rate Initiative, I-164

Allan Jones - Godfather of loan-sharking.
Photo via Huffington Post

Wonder who could possibly be against a ballot initiative to Cap the Rate on loan sharking?  So did we.

Meet Allen Jones, the godfather of payday lending.

Muscle cars.  Private football field.  Total sexist. A  mouth-breather Midas livin’ the dream.  Unless I-164 passes, this scoundrel and other pay-day loan sharks can drain poor people of everything they have, make millions, and get away with it.  Four hundred percent interest is beyond unfair.  His targets are poor, desperate people who’ve signed away their lives before they know what they’re doing.  There was a LTE in the Gazette recently about him that’s worth reading as well.

The attorney for the opponents is Chris Gallus, a perennial corporate interest-Chamber of Commerce lobbyist who has a history of involvement with shady ballot initiatives that are funded by out-of-state interests that Gallus won’t disclose, such as a proposal to decimate labor unions.

The initiative is expected to pass, but with all the Tea Party activity around turning right-wingers out for the election, it’s gonna need our help.  Go to www.captherate.com to get involved.