Introduced By

Del. Glenn Oder (R-Newport News) with help from 13 copatrons, whose typical position that is partisan:

Progress

Description

Duplicate Bills

The following bills are the same as this 1: SB24 and SB670.

Responses

36% must be the interest limit for payday lenders in Virginia. Delegate Oder’s bill attracts a line into the sand for several residents prompting us to inquire of what exactly is an interest rate that is fair. Families are struggling in this era of economic depression with fuel rates surging, home loan standard rates sky high, together with cost of food growing. The typical Assembly of Virginia should cap rates of interest at 36%, that will be nevertheless 50% significantly more than Washington D.C.

Below is definitely an editorial through the Virginian Pilot

Now or never on payday loan providers The Virginian-Pilot В© 6, 2007 Last updated: 6:12 PM december

It is problematic for lawmakers to Virginia that is disentangle from internet that predatory lenders have actually spun on our communities.

But that difficult task must be achieved in this cold weather’s General Assembly session. Continua a leggere Cash advance Act; requires SCC to contract with a number of events to produce, etc. database. ()