Bad Credit Online Magazine - Daily News and Advice on Credit, Debt and Mortgage : A new payday loan legislation is considered in Wisconsin
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August 19, 2005
A new payday loan legislation is considered in Wisconsin
A recent number of payday loan companies in Wisconsin stands at 393.
Some lawmakers suggest limiting fees and/or interest rates on payday loans. Also under consideration is to limit the number of times a loan can be extended, or rolled over into a new loan with additional fees.
Another suggestion is to establish an electronic monitoring system to enforce these limitations. From Journal Sentinel.
Posted in Payday Loans at August 19, 2005 04:10 PM
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