Senators Rewrite Payday Lending Restriction Bill

(AP) — A person would be limited to 10 short-term loans a year from payday lenders, under a bill that received the backing of a Senate judiciary committee. Nevers said he wanted to stop the debt cycle that he said was caused by payday loans that carry short terms and high interest rates.

Topics:  ap    a   senate   nevers   payday   bill   loans   

 

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