John Hindley: let us provide options to payday advances

December 12, 2020 No comments yet

John Hindley: let us provide options to payday advances

Since the General Assembly makes to come back to Smith Hill when it comes to 2016 session, legislative leaders, Gov. Gina Raimondo and General Treasurer Seth Magaziner need certainly to deal with the moral issue of payday lending that is being ignored in Rhode Island.

The lending that is payday earnings off the economic insecurity for the bad. Within the last three sessions that are legislative advocates from nonprofits and faith teams have actually advocated a 36 % rate of interest for pay day loans.

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