PHILADELPHIA CITY COUNCIL OPPOSES PAYDAY LENDERS HOTTEST TRY TO GUT PA CUSTOMER DEFENSES

PHILADELPHIA CITY COUNCIL OPPOSES PAYDAY LENDERS HOTTEST TRY TO GUT PA CUSTOMER DEFENSES

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Philadelphia, PA – prior to a forthcoming industry-backed bill to permit high-cost, long-lasting payday advances in Pennsylvania, Philadelphia City Council took step one toward fending down their efforts by adopting an answer, contacting people in the General Assembly to oppose any legislation that is such.

For more than a ten years, the out-of-state payday loan providers happen attempting to bring their predatory loans into Pennsylvania by lobbying for legislation that will eviscerate state caps on interest and charges for customer loans.

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