Well, there is a bill on the floor. It’s got a lot of the same components as other states w/ databases. Payday Pundit does a good job summarizing the bill.
One thing to note, the bill will cap the loan and fees at $600, which means the max loan will be a $500 advance, if the lender charges $20 per $100.
The one-at-a-time makes life difficult. There are so many lenders Internet and store front, that there are a lot of denials. Let’s face it, time is money. it’s a drain on the operator.
