Philadelphia City Council Resoundingly Opposes Payday LendersвЂ™ Latest Attempt to Gut PennsylvaniaвЂ™s Intense Consumer Protections
FOR IMMEDIATE LAUNCH. Solomon Leach, Communications Director. Workplace of Councilwoman Cherelle Parker. Kerry Smith, Senior Staff Attorney. Community Legal Services. Michael Roles, Field Organizer. PennPIRG (Pennsylvania Public Interest Analysis Group)
Philadelphia City Council Resoundingly Opposes Payday LendersвЂ™ Latest Try To Gut PennsylvaniaвЂ™s Intense Consumer Protections. Passes Resolution Urging Pennsylvania General Assembly to Safeguard intense State Cap on rates of interest and charges. Philadelphia, PA prior to a forthcoming industry backed bill to permit high expense, long haul pay day loans in Pennsylvania, the Philadelphia City Council took step one toward fending down their efforts by adopting an answer, contacting people in the General Assembly to oppose any legislation that is such.
The out of state payday lenders have been working to bring their predatory loans into Pennsylvania by lobbying for legislation that would eviscerate state caps on interest and fees for consumer loans for over a decade. payday loans online in New Hampshire This session, they’ve been trying to legalize long haul payday loans, an item they increasingly have available in states where high price financing is appropriate so that they can avoid laws directed at their conventional two week pay day loans.
The industry claims that whatever they want to supply is just a safe credit item for customers. Read More “News Launch. Philadelphia City Council Resoundingly Opposes…”