Archive for the online payday loans Category

Va. lawmakers approve amendment to lending law that is anti-predatory

Into the Virginia General Assembly’s re-convened session on April 22, lawmakers have authorized an amendment proposed by Gov. Ralph Northam to speed the implementation up of an innovative new legislation made to help protect customers from predatory financing.

What the law states, dubbed the Virginia Fairness in Lending Act, closes loopholes in current Virginia legislation that allow high-cost loan providers to charge customers rates that are excessive payday and name loans. (more…)