How One State Succeeded in Restricting Payday Advances
Washington State passed a cash advance reform bill that just limits the amount of loans an individual can consume a 12 months. Here’s just exactly just what took place.
Series: Debt Inc.
Lending and Collecting in the us
a type of this whole story was co-published because of the St. Louis Post-Dispatch.
During 2009, customer advocates in Washington State chose to here is another brand new approach to regulating payday advances. Like reformers in other states, they’d tried to obtain the legislature to ban high-cost loans outright — but had struck a solid wall surface.