Reps Revive Usury
Janice Kelble talks with Rep. Lenette Peterson
Protect New Hampshire Families, an organization dedicated to protecting the collective bargaining rights of New Hampshire workers, held a Lobby Day at the State House today. While Representatives were entering Representatives Hall, the activists had good opportunities for conversations about why “Right to Work” is Wrong for New Hampshire.
When the session got underway, the Representatives, in their wisdom, voted to bring usury back into practice in New Hampshire by approving SB 57, which had already passed the Senate. This bill authorizes interest rates up to 300 percent on car title loans, and does not require lenders to inquire into the ability of borrowers to repay. With a margin of only 9 votes, there’s hope that Gov. Lynch would veto the bill, and that his veto would hold.