In Richmond, a high-powered lobby stalls new rules on high-rate loans

In Richmond, a high-powered lobby stalls new rules on high-rate loans Del. David Yancey endured before a panel of their peers because they considered one of his true bills. The legislation aimed to tackle high-interest-rate end that is open of credit, designed to use a decades-old loophole in Virginia’s usury legislation originally meant to allow …

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