June 4, 2015

A New Payday Bill Looms

On June 1,  Senator John Yudichak (D), who has co-sponsored payday lenders’ bills in prior sessions, circulated a memorandum urging his colleagues to join him in co-sponsoring legislation that he soon will introduce to legalize a new loan product in Pennsylvania, called the “Pennsylvania Financial Services Credit Ladder.”  The memo is  available at this link. BACKGROUND:...

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