Montana: Consequences of ballot measure approval debated
A ballot initiative that caps the rate that title, payday and other lenders can charge passed last week in a landslide, and supporters say it leaves Montanans safe from becoming the prey of predatory lenders. Meanwhile, industry officials say the measure will result in the closure of more than 100 Montana businesses and the loss of several times as many jobs, in addition to leaving consumers with fewer options for credit.