Merger Critic Joins Fischer’s Task Force

The task force is meant to find the problems and successes of the consolidation and recommend changes. Owen says it’s too early to say what exactly the task force will do, but there are several issues he hopes it will take on.

“There are some areas we could look at,” he says. “I think we need to look at the economic development area, we may need to look at the structure of the government. I don’t know if that’s going to be part of the charge to this group. What I would like to look at and what we will look at might be two very different things.”

Bill Capping Payday Loan Interest Fails To Pass

For three years now, Louisville Representative Darryl Owens has been trying to cap the APR on payday loans in Kentucky at 36%. But his bill never went anywhere. It didn’t even get a committee hearing, until now. But after hearing payday lenders argue they provide a valuable service to Kentuckians with nowhere else to turn for small, short-term loans, the House Banking and Insurance Committee voted 13-10 against the bill.

Owens Continues Attempts To Cap Payday Loan Interest At 36 Percent

A Louisville lawmaker is again trying to put a 36 percent annual cap on payday loans in Kentucky. The bill, sponsored by Representative Darryl Owens, went nowhere in two previous legislative sessions. Owens expects to at least get a House committee hearing this year.