Payday loan reform bills return to General Assembly

LEGISLATION INTRODUCED in both chambers of the General Assembly would ban payday lenders from operating in Rhode Island. / PBN FILE PHOTO/NICOLE DOTZENROD
PROVIDENCE – State lawmakers are once again considering cracking down on payday lenders. Legislation introduced in both chambers of the General Assembly and discussed in recent finance committee hearings would ban payday lenders – referred to as “deferred deposit providers” – from operating in the state. A hearing before the House Finance Committee on May…

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