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Liias bill on pay day loans nearly dead in legislature

Liias bill on pay day loans nearly dead in legislature

A bill on pay day loans, sponsored by Democratic State Sen. Marko Liias, seems to be dead when it comes to present legislative session.

Fellow Democrats have actually criticized Lias for sponsoring the bill, stating that it weakens Washington’s strict guidelines on payday lending.

The bill passed the State Senate at the beginning of March with a 30-18 vote, with Democratic Sens. Maralyn Chase and Rosemary McAuliffe voting no.

In the home, the bill got a “pass” suggestion through the committee on company and monetary solutions, with Democratic State Rep. Cindy Ryu voting for the “do perhaps not pass” recommendation, and Rep. Derek Stanford voting in order to make no suggestion.

Majority House Democrats then delivered it into the home committee on basic government and information technology, which possessed a hearing that is public, April 6, but took no action, which means that the balance missed a Tuesday, April 7, due date to achieve the home flooring. 続きを読む Liias bill on pay day loans nearly dead in legislature