Washington State update
March 10, 2009 | industry, regulation | Comments (0)Looks like the compromise legislation is moving. From the story:
The House voted 84-10 early Tuesday to pass a bill that would require lenders to offer extended payment plans to borrowers who get in over their heads. The measure also blocks borrowers from receiving loans totaling more than 30 percent of their monthly income. The bill now goes to the Senate.
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