Shortly before I left, the Ohio senate debated a measure that would significantly curb payday-lending practices. My senator opposed the bill (one of the few senators to do so), and though he never explained why, I liked to think that maybe he and I had something in common. The senators and policy staff debating the bill had little appreciation for the role of payday lenders in the shadow economy that people like me occupied. To them, payday lenders were predatory sharks, charging high interest rates on loans and exorbitant fees for cashed checks. The sooner they were snuffed out, the better.
