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PHILADELPHIA CITY COUNCIL OPPOSES PAYDAY LENDERS HOTTEST TRY TO GUT PA CONSUMER PROTECTIONS

PHILADELPHIA CITY COUNCIL OPPOSES PAYDAY LENDERS HOTTEST TRY TO GUT PA CONSUMER PROTECTIONS

Philadelphia, PA – prior to a forthcoming industry-backed bill to permit high-cost, long-lasting pay day loans in Pennsylvania, Philadelphia City Council took step one toward fending down their efforts by adopting an answer, askin people in the General Assembly to oppose any legislation that is such.

For more than ten years, the out-of-state payday loan providers have now been attempting to bring their predatory loans into Pennsylvania by lobbying for legislation that will eviscerate state caps on interest and costs for consumer loans. Continue reading PHILADELPHIA CITY COUNCIL OPPOSES PAYDAY LENDERS HOTTEST TRY TO GUT PA CONSUMER PROTECTIONS