Payday Pundit » Virginian Pilot payday lending http://paydaypundit.org News and Information About The Payday Lending Industry Wed, 16 Jun 2010 19:04:18 +0000 http://wordpress.org/?v=2.9 en hourly 1 VA Update: http://paydaypundit.org/2009/01/30/va-update/ http://paydaypundit.org/2009/01/30/va-update/#comments Fri, 30 Jan 2009 19:15:32 +0000 Payday Pundit http://paydaypundit.org/?p=2397 The Senate passed the bill that denies lenders the opportunity to offer open lines of credit:

Senate Majority Leader Richard Saslaw, D-Fairfax, sponsored the bill, which would confine payday lenders to only issuing short-term, high-interest loans. The measure, SB1470, unanimously passed the Senate.

It will be interesting to read the floor statements to see how they justify limiting consumer choice at a time when credit is hard to get.

]]> http://paydaypundit.org/2009/01/30/va-update/feed/ 0