Push to Advance Payday Lending Bill Included in Budget-Related Bill the Senate Will Consider Today

July 3, 2013
Patriot-News (PA) 
payday lending news

The Pennsylvania General Assembly has long been stuck on legislation that proposes to bring payday lending stores to the state, but a new bill included a provision that would have moved it forward in the Senate. The Senate, however, passed an amended version of the bill, called the fiscal code, that removed a controversial payday-lending provision. The 57-page bill expressed legislative interest in passing a payday-lending bill by Oct. 31, 2013. Senate Republicans claimed to be unaware of this provision, and Sen. Pat Browne (R-Lehigh County), who has been working toward payday-lending legislation, did not like it. Payday-lending opponents called this tactic underhanded. Kerry Smith, staff attorney of Community Legal Services, said the coalition of social service, veteran, and church-based groups is opposed to payday lending and “is shocked and disappointed that the payday lenders would try to sneak language like this in at the last minute when it’s clear there is broad-based opposition around the state to bringing these high-cost loans into Pennsylvania.”
Web Link

Abstract News © Copyright 2008-2013 INFORMATION, INC.
Powered by Information, Inc.

Stay Updated

Join the fight against predatory lending. Enter your e-mail to sign up for breaking news, action alerts, and CRL's original research.

   Please leave this field empty

Help Us End Predatory Lending

Predatory lending destroys family wealth, and preys on our most vulnerable communities. You can help us end abusive lending practices by donating to CRL, or by sharing our work with others.