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Payday Lenders Make Few Buddies in PA Senate

Payday Lenders Make Few Buddies in PA Senate

Payday lenders convinced state House Republican leaders to slide a line into a financial Code bill needed seriously to implement areas of the state that is new saying it was the “intent” of home and Senate Republican leaders to pass through legislation legalizing high-interest pay day loans in Pennsylvania.

The gambit won the industry no close buddies when you look at the Senate, whose leaders hadn’t authorized the supply. A week ago, the Senate voted unanimously to get out the lending language that is payday.