21 Jan Payday loan bill amended

Posted at January 21, 2011 in In the News by Mississippi Center for Justice

Clarion Ledger The Senate Banking Committee amended a House bill Thursday aimed at reducing the 572-percent equivalent interest rate on payday loans, making it more palatable to the lenders. Read the full story here....

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10 Jan Payday lenders hearing today

Posted at January 10, 2011 in In the News by Mississippi Center for Justice

Clarion Ledger by Jerry Mitchell Mississippi lawmakers will hear testimony today on whether the state law enabling payday lenders to charge the equivalent of 572-percent interest rate should expire. House Banking Chairman George Flaggs scheduled the public hearing today to allow both sides to explain their positions. The...

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