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Legislation & Policy

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State News: Pennsylvania

Legislation

  • Mortgage Bankers and Brokers and Consumer Equity Protection Act
    Law number: Act No. 55 of 2001
    Enacted: 06/25/02

  • Philadelphia Prohibition Against Predatory Lending
    Law number: Chapter 9-2400 of The Philadelphia Code
    Overturned/Preempted

  • An Act defining "payday loan" [...] and providing for prohibition against payday loans
    Bill number: S.B. 101
    Proposed: 11/22/05
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    Pending

  • An Act amending Titles 7 and 18 [...] providing for unlicensed payday lending
    Bill number: HB 1478
    Proposed: 05/02/05
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    Pending

    Sign-on Letter: CRL and other groups support SB101, oppose HB 1478 (pdf)
    Letter: NAACP Chairman Bond thanks PA Gov Rendell for supporting a ban on payday lending (pdf)

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Congress

The 2007 Defense Authorization Bill includes an amendment mandating a 36% rate cap on loans to service members. More >

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