New state regulations governing payday lending institutions took effect today. Anyone who has spent significant time in the Southside will recognize the importance of this legislation for our area. Martinsville and Henry County are riddled with them--driving through Collinsville, one can count at least 12 pay day lenders just in a 2-mile stretch of this blog's namesake.
Sometimes the human cost of this economy gets lost in the background; coverage of bailouts and blame-placing often trumps what is happening to those who were "the least of these" among us even before the bottom fell out. Recently, however, Roanoke's WDBJ7 reported on a story that will rip your heart out, and one that is indicative of just how bad things have gotten.