| Payday Loan Regulations Act Goes to Senate Floor |
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Airdate: Thu., 8 Mar. 2007 |
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In the state Senate, the Judiciary Committee gave approval to an amended House bill that caps fees Payday Lenders can charge customers. Payday Loan business operator Jamie Warner opposes that measure.
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House Bill 92 also limits the amount any person can borrow from a Payday Lending Company to 25% of their monthly income. Stephanie Poston of the Indian Pueblo Cultural Center says the bill is good for her community, which is disproportionately affected by what she calls predatory lenders.
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The Payday Loan Regulations Act now goes to the Senate floor. |
| See more stories from Thu., 8 Mar. 2007 |
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