The Battle Over Payday Lending in WA State

The Battle Over Payday Lending in WA State

Payday financing is just an industry that is billion-and-a-half-dollar-a-year Washington State and growing — quickly. Some lawmakers and advocates when it comes to poor desire to cap interest levels on these short–term, high-interest loans. But payday loan providers argue this may place them away from business. The fight has kicked-off a lobbying frenzy that is dividing majority Democrats. Olympia Correspondent Austin Jenkins reports.

SHERRY APPLETON IS JUST A DEMOCRAT WHEN YOU LOOK AT THE WASHINGTON STATE HOUSE OF REPRESENTATIVES. Sigue leyendo