Another Day Older and Deeper in Debt

By: Tuesday June 11, 2013 6:16 pm

Last week in a narrow vote, the Pennsylvania Senate Banking and Insurance Committee approved Senate Bill 975, opening the door to thousands of predatory payday lenders to come to Pennsylvania and charge fees on short-term loans that equal an annual interest rate of over 300% on a typical two-week payday loan.

 

Changing the Subject Doesn’t Make Payday Lending in PA a Better Idea

By: Sunday October 7, 2012 7:00 pm

As we’ve explained before — and as the U.S. military, U.S. Congress, and former President George W. Bush have all agreed — payday loans are a debt trap that further impoverishes low-income families, driving more of them into bankruptcy. Pennsylvania should leave in place the strong regulations that make use of payday loans much less common here than nationally.

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