Va. lawmakers accept amendment to help you anti-predatory lending law
Va. lawmakers accept amendment to help you anti-predatory lending law
Throughout the Virginia Standard Assembly’s lso are-convened course towards endment suggested by Gov. Ralph Northam to automate this new implementation of yet another legislation built to help protect people of predatory financing.
The law, dubbed brand new Virginia Fairness inside the Lending Operate, closes loopholes within the current Virginia legislation that enable large-pricing lenders so you’re able to charges users excess pricing having pay check and you can identity loans.
The brand new governor performed propose a modification so you’re able to automate the newest law’s initiate big date away from , […]