Guidelines geared towards protecting customers
OLYMPIA вЂ“ ItвЂ™s become an annual ritual in the Statehouse: low-income individuals and advocates descend on Olympia to blast pay day loans. It is too simple, they state, for hopeless families to have caught in a period of high-interest financial obligation.
And each year, the bills have a tendency to perish when you look at the exact same spot: the committee headed by Rep. Steve Kirby, a Tacoma Democrat whom defends the loans as being a required product for folks who donвЂ™t be eligible for bank cards or loans from banks. (more…)