Legislation introduced to legalize loans that are payday-like Pennsylvania

Legislation introduced to legalize loans that are payday-like Pennsylvania

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

Legislation happens to be introduced to legalize just just exactly what Sen. Pat Browne, R-Lehigh County, defines as a unique sort of short-term loan item.

Unlike the legislation that stalled call at the Senate a year ago after moving the home, this course of action brings along with it an opportunity for borrowers to make their method to longer-term, cheaper loan services and products.

Sen. Pat Browne, R-Lehigh County, on Friday introduced legislation which he believes reacts into the criticisms raised concerning the proposal available in last session that is legislative. Continue reading “Legislation introduced to legalize loans that are payday-like Pennsylvania”