Legislation introduced to legalize payday-like loans in Pennsylvania

Legislation introduced to legalize payday-like loans in Pennsylvania

a go on to legalize high-cost loans that are short-term Pennsylvania has been resurrected when you look at the Legislature.

Legislation happens to be introduced to legalize exactly exactly what Sen. Pat Browne, R-Lehigh County, defines as a brand new types of short-term loan product.

Unlike the legislation that stalled call at the Senate a year ago after moving your house, this course of action brings along with it an opportunity for borrowers to make their solution to longer-term, cheaper loan items.

Sen. Pat Browne, R-Lehigh County, on Friday introduced legislation which he believes reacts to your criticisms raised in regards to the proposal available in final session that is legislative.

It also features a brand new name for the two-week loans. Continue reading “Legislation introduced to legalize payday-like loans in Pennsylvania”