Category Archives: cash to you payday loans

Gov. Northam approves legislation to fight predatory financing

Governor Ralph Northam authorized a bill this weekend that is past advocates state can help protect customers from predatory financing.

The Virginia Fairness in Lending Act, passed away by your house of Delegates and Senate previously this 12 months, is basically focused round the parameters of short-term loans. It tightens legislation on customer lending, funding for personal or home purposes, also to shut current loopholes for corporations.

The governor did propose an amendment to speed up the legislation’s begin date from July 1, 2021, to Jan. 1, 2021, that may have to be authorized because of the General Assemby if they re-convene in a few days. Continue reading