NH House Leaders Statement on Gov Veto of Payday Loans

CONCORD – House Speaker William O’Brien and House Majority Leader D.J. Bettencourt today released the following statement on the Governor’s veto of Senate Bill 160.

House Speaker William O’Brien

“The Governor once again incorrectly assumes that New Hampshire citizens aren’t mature enough to make their own financial decisions. By closing off a free market choice for consumers, the Governor is putting citizens to the mercy of unregulated loan sharks. New Hampshire can, and will, do better than this.”

House Majority Leader D.J. Bettencourt

“We support individuals’ fairness in the marketplace. This legislation allows more choices for New Hampshire citizens and businesses while ensuring contract law is upheld and consumers enter these contracts with their eyes wide open. The House will work to override this veto.”

Comments

[C. dog]

In an unrelated story, local mob sources rejoiced by raising their rates 5% points, and reduced their penalties for late payments to just one broken arm.
– C. dog

[dave]

So.... follow the (campaign) money to politicians. There is a lot of money rolling around here.