There’s talk of a few bills out there that would make a cash advance even tougher to give the Columbus Dispatch reports, “Bill planned that would target payday lenders’ loopholes.”
Rep. Matt Lundy is proposing a bill that would make loans less than 90 days impossible to give.
Any proposed bill will stop lenders from cashing their own checks.
Here’s the deal. If lenders can’t make money, they’re just going to close shop and no one gets a loan. They need to realize that the demand exists.
