From Payday Pundit: “Public need more, not less options”

Payday Pundit dug-up a commentary from Tim Miller at the Center for Consumer Freedom today arguing that the "Public need more, not less options"

Given the Manitoba decision to cap payday loan rates in a way that drives at least some (at worst most) cash advance companies out of business begs the question: what do consumers think? While some bigger American firms may step in to fill the gap left by the small to medium-sized lenders who cannot compete at 17% of the loan amount, there will certainly be a smaller number of companies offering this quick cash service. What concerns me about this decision is that nobody has asked consumers what they think. Do consumers want choice taken away from them? And at what cost? There are plenty of "experts" who are happy to speak for consumers (myself included), but it would be refreshing if someone would let consumers speak for themselves.