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Customer advocates praise latest bill that is payday industry calls a killer

Customer advocates praise latest bill that is payday industry calls a killer

Monday

Realizing that efforts to get a compromise between payday loan providers and customer advocates is near-impossible, Senate Republicans altered program Monday and rolled away changes that are consumer-friendly an industry legislation bill this is certainly set for the Tuesday vote.

Majority leaders had been ripped fourteen days ago by Pew Charitable Trusts and a coalition pressing for a 2019 state that is payday problem because of their proposed modifications to accommodate Bill 123 that, experts stated, arrived appropriate from the payday industry playbook and did small to avoid getting borrowers caught in a financial obligation trap.