A Pennsylvania Senate Banking Committee has cleared a bill that would legalize payday loans, which currently are not allowed in the state due to regulations that cap annual percentage rates of interest at 30 percent. The bill -- which is opposed by consumer groups -- will not go up for a full Senate vote unless it clears the appropriations committee. There is no companion legislation under consideration in the House. Under the Senate bill, consumers could obtain no more than eight consecutive successful two-week loans, rollover loans would be prohibited, and indebtedness would be limited to $1,000 or 25 percent of gross month income. Diane Standaert, an attorney at the Center for Responsible Lending, says no state has legalized payday lending since 2005. "Pennsylvania has one of the strongest laws in the country on this issue," she says. "It's been effectively enforcing its laws against these types of predatory lending practices."