Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : Virginia county wants to outlaw payday loans
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November 18, 2005
Virginia county wants to outlaw payday loans
Virginia Henrico county Board of Supervisors wants severely curtail payday loan activity for now, with the following total shutdown. The proposal on the table prohibits " payday loan companies from opening any new locations in the state and to establish a "sunset" period to phase out the existing locations."
If approved, the measure will take the war on payday loans in Virginia to the new level. Other states may follow.
Posted in Payday Loans at November 18, 2005 12:05 PM
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