Cash And Title Loans

Moneytree leads push to loosen state’s payday-lending legislation

Moneytree leads push to loosen state’s payday-lending legislation

Payday lender Moneytree is lobbying state lawmakers to rewrite Washington’s tough short-term financing guidelines.

Washington’s payday lenders have forfeit three-quarters of the company when you look at the 5 years since a hardcore new state legislation limiting the high-cost loans marketed to bad families took impact.

Now the industry, led by Seattle-based Moneytree, is lobbying state lawmakers to revamp what the law states. Read the rest of this entry »