LAMPa advocates have actually worked tirelessly to assist beat duplicated efforts to introduce payday

LAMPa advocates have actually worked tirelessly to assist beat duplicated efforts to introduce payday

Lending bills that could end the Commonwealth’s strong customer defenses against abusive loans. Check always back for updates on brand new legislation.

Pay day loans are small-dollar, exceedingly high-cost loans, which typically carry triple-digit interest rates of 300% yearly or more. These are typically called payday advances since they generally speaking needs to be repaid in complete, along with interest and charges, regarding the borrower’s next payday. Continue reading “LAMPa advocates have actually worked tirelessly to assist beat duplicated efforts to introduce payday”