Consumer Groups Assisted Delay A Bill That Will Hike loans that are payday

Consumer Groups Assisted Delay A Bill That Will Hike loans that are payday

  • Bill would raise allowable interest levels to 369 per cent
  • Loan providers falsely claim the balance is really a “consumer protection law”
  • Predatory financing prohibited in 17 states as well as on army bases

Army of Lobbyists

A bill that passed the Pennsylvania state home previously this month that could enhance the permissible percentage that is annual on little loans to 369 per cent would be held within the state senate before the next legislative session into the fall, in accordance with activists fighting resistant to the bill.

Read moreConsumer Groups Assisted Delay A Bill That Will Hike loans that are payday