Payday Loan Industry Regulation And Legislation
Payday Loan Industry Regulation And Legislation A number of states from coast to coast are attempting to impose further regulations on the payday loan industry, but without much success in many cases. Consumers of payday loans have generally argued against more stringent measures and limitations, that would limit their access to payday loans. And, in the meantime, the payday loan industry continues to grow, both in the numbers of loans issued and the dollar amounts of loans issued. In Washington State, there were no less than 14 bills introduced during the 2004-2005 legislative session, with the specific intent of more...