Shady Shark Sits Down with Dispatch's Ann Fisher
Repentant Loan Shark Makes Appearance
A recovering payday lending loan shark, Shady Shark, made another appearance at an industry press conference last week. Shady Shark, who has long made his living as a payday lender trapping Ohioans in debt, has had a change of heart recently after hearing the stories of Ohio borrowers. According to an interview in the Columbus Dispatch, Shady gave up his career in loan sharking: "I decided to get clean when I heard the concerns of people who were getting caught in the debt trap, and as they started to talk about the issue in the Statehouse."
Despite strong opposition from the payday lending industry and some "animal abuse," Shady has decided to take his message all over Ohio. "I was at one of their events yesterday when a few of their signs hit me over the head. They used a long flagpole to push me away, sort of like the shark hunters at sea. They hit me over the head with signs and be abusive to an animal if they want, but the issue is more important." Shady is unfazed!
Shady supports the payday lending reform passed in June that caps interest rates at 28% APR and limits the number of loans that can be taken out at 4 per year. With just a little more than a month to go, expect more Shady sightings in advance of the November 4th Election Day!
To read more of Shady's exclusive interview with Ann Fisher, please click here: http://www.dispatch.com/live/content/local_news/stories/2008/09/29/ANN29.ART_ART_09-29-08_B1_91BF5A5.html?sid=101
Shady says, "Vote yes on issue 5!"
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