Washington State Senator Craig Pridemore want to extend the payment period for a payday loan to 60 days.   He says it’s not a “ban” but a service that is unprofitable is, in fact, a ban.  From the story: 

Under his Fair Payday Loan Act, introduced as Senate Bill 5750, borrowers who are unable to repay their original loans within 60 days would be able to enter into payment plans that extend their repayment period by one month for each $100 they owe. Lenders would not be allowed to charge additional fees or interest as part of the change to the new payment plan.

“The goal for a short-term loan should be to get over temporary hardship,” Pridemore said. “These loans have the effect of putting people in perpetual debt. People who have to take out payday loans typically live paycheck to paycheck and are especially vulnerable to the high interest rates and loan processing fees charged by payday lenders.”