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. HereвЂ™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, theyвЂ™d tried to obtain the legislature to ban high-cost loans outright вЂ” but had struck a solid wall surface.