Payday loan industry dodges bullet in Washington

In a 25-24 vote on Wednesday, the Senate rejected the House’s request to pass a bill that would limit the size of a payday loans to 30 percent of a person’s monthly income or $700 – whichever is less; barring people from having multiple loans at different payday companies, and setting up a database to track the number of loans taken out by individuals.

You can read the full article in the The Seatle Times.

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