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Ron Spins Into the Ground on Payday Loans

While the Governor continues to take the lead in stopping exploitative payday loans, Ron continues to waffle on what he'd do to protect working Oregonians.

In the primary, Ron famously declared he opposed regulating the loans that can come with an over 500 percent annual interest rate "because I like the market being able to work here." As Steve Duin wrote, he had put himself "to the right of the Corleone family." [WB's Outlook Portland, 4/2/06; Oregonian, 5/18/06 ]

But while the Governor has signed legislation limiting the rates that can be charged and is vowing to close loopholes for title loans, Ron is now waffling - saying that he won't try to change the law but doesn't know whether he supports additional reforms or not:

Ron Saxton, the Republican challenger for governor, won't try to change the Legislature's payday loan reform law, said Felix Schein, his campaign spokesman. Saxton has not determined whether he would take further action.

It must be hard for Oregon voters to know what Ron would do when he doesn't seem to know himself. And even harder for them to take him at his word when he keeps changing his story.

Posted on July 28, 2006
Saxton vs. Saxton


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