State Representative Jan P. Malik
“As a businessman… [payday lending is] just another option – another service to the state of Rhode Island.”
Rhode Island Legislator and business owner Jan P. Malik believes that payday lenders provide a service to the community and compared payday loans to liquor…
According to an article by Providence Journal Staff Writer Lynn Arditi, Malik describes the concern of legislators as a “futile effort to protect the public from making their own decisions.”
Malik, a liquor store owner, compared offering payday loans to selling liquor:
“Alcohol, if drank properly, isn’t a bad thing… But there are people out there who might use and abuse it… Am I gonna be the righteous person and say keep all these things out of Rhode Island? No.”
Rhode Island State Representative Jan P. Malik is Vice Chair of the Finance Committee.
Source: ‘Payday Lending’ Offers Short-Term Loans — But at a High Price by Lynn Arditi (Providence Journal)
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