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”