Staunton faces “steep odds”
June 1, 2010 | Virginia, industry | Comments (0)From the story:
Area legislators and other officials said Staunton City Council’s effort to further restrict payday lending practices faces steep odds of convincing the legislature to pass the requested reforms.
“This is an issue that has been studied for quite some time in the General Assembly and an agreement was reached (in 2008) after lengthy negotiations, and it is considered a reasonable compromise by just about all parties involved,” said Del. Ben Cline, R-Rockbridge. “I don’t foresee any action in the near future to reopen this.”
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