How One State Succeeded in Restricting Pay Day Loans
Washington State passed a pay day loan reform bill that just limits how many loans an individual can ingest a 12 months. Here’s just what took place. In ’09, customer advocates in Washington State made a decision to here is another approach that is new 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.