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Arizona payday loans online

Resolution to Maintain Intense Washington State Consumer Protection Laws Associated With Pay Day Loans

WHEREAS Washington ranks saturated in studies on customer defenses for customers on payday advances; and

WHEREAS Washington–≤–ā‚ĄĘs payday lenders have actually lost three-quarters of these company within the 5 years since a challenging brand new state legislation limiting the high-cost loans marketed to bad families took impact; and

WHEREAS the industry, led by Seattle-based Moneytree, is lobbying state lawmakers to revamp what the law states. Loan providers are supporting legislation –≤–ā‚Äú SB5899 and HB1922 -to expel conventional two-week payday advances and replace these with –≤–ā—öinstallment loans–≤–ā—ú that will stretch repayment out for approximately a 12 months; and

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