Payday Lenders Make Few Buddies in PA Senate

Payday lenders convinced state House Republican leaders to slide a line into a financial Code bill needed seriously to implement facets of the brand new state spending plan stating it was the “intent” of home and Senate Republican leaders to pass through legislation legalizing high-interest payday advances in Pennsylvania.

The gambit won the industry no buddies within the Senate, whose leaders hadn’t authorized the provision. Continue reading