Hours of impassioned testimony dominated conversation throughout a hearing for a bill that could develop a database that is statewide monitoring pay day loans, an apparently innocuous concept came across with intense opposition and serious rhetoric through the industry and its particular supporters.
Lobbyists, pastors, a league that is little and lots of workers of payday financing organizations stuffed hearing spaces Wednesday for a hearing on SB201 , which will develop a database to trace informative data on high-interest (significantly more than 40 %) short-term loans that features amounts, charges examined on borrowers, standard rates and all sorts of interest charged on loans. 继续阅读Payday lending opponents, industry clash in charged hearing over loan database