Editorial Criticizes Virginia Payday Advance Ruling
The following is a paraphrased editorial from The Daily Press in Virginia:
Section
Virginia — Page 2
Efforts to Reform Virginia Payday Loans Die in Final Hours
Efforts to place modest reforms on the Virginia payday loan lending industry died Saturday when negotiations broke down in the General Assembly’s final hours.
Governor Will Make Changes to Virginia Payday Advance Bill
Governor Tim Kaine said today he would make “significant changes” to a package of Virginia payday loan lending industry reforms if the bill comes to him.
Virginia Governor Heads Payday Advance Loan Attack
Gov. Timothy M. Kaine (pictured) is now personally involved in efforts to clamp down on the regular and online payday advance industry.
Virginia Payday Loan Bill Withdrawn
The sponsor of a House of Delegates bill to reform the Virginia payday loan industry withdrew his bill Tuesday, three days after it was amended to drastically slash the interest rate lenders could charge.