Doug Dickerson, AARP's state director, recently wrote a letter to the sponsors of Senate Bill 89 urging them to reconsider their stance.
"AARP is concerned about the effect that payday loans have on the lives of indigent senior citizens, struggling families and the cash-strapped unemployed and under-employed," Dickerson wrote. "This legislation would legalize high-interest payday loans that by design keep borrowers in debt."
Dickerson also argues that payday lending is counter-productive from a macroeconomic point of view.
