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Lawmakers Address Debts of WA Families on Financial Brink

Friday, March 29, 2019
Public News Service

OLYMPIA, Wash. – Debt is a major challenge for some Washington families, and measures moving through the Legislature could give them a bit of relief. 

House Bill 1602 would cap the interest rate companies can charge on consumer debt collection after winning a court judgment at 9 percent. The current rate is 12 percent – the highest in the nation. 

The bill would also increase consumer protections when wages are garnished.