Check ‘n Go exiting Virginia

It’s not a done deal, but Check ‘n Go is probably going to stop offering payday loans in Virginia. It’s likely they’ll pull out all together.

Check Into Cash is closing 19 of 64 stores — idling about 60 workers — and shifting to pricier, lightly regulated open-ended loans.

With 150 stores in Virginia, Advance America hopes to use a narrow provision in the latest clampdown to continue simultaneously offering payday loans and open-ended loans.

You can read the full article in the Richmond Times Dispatch.

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