Hot off the wires.  A new bill was passed in the House that seems to be a mish mash of various bills that have been floating around.  From the story:  

Under the legislation, payday loans would be limited to no more than 30 percent of a borrower’s income or $700 – whichever is the lesser of those two figures.

The lenders in Washington State aren’t quoted in this piece so we don’t know what they think.  We’ll let you know as soon as we hear something.