Legislation introduced to legalize loans that are payday-like Pennsylvania

Legislation introduced to legalize loans that are payday-like Pennsylvania

a go on to legalize high-cost short-term loans in Pennsylvania will be resurrected into the Legislature.

Legislation was introduced to legalize exactly what Sen. Pat Browne, R-Lehigh County, defines as a unique variety of short-term loan product.

Unlike the legislation that stalled out in the Senate this past year after moving your house, this plan brings along with it an opportunity for borrowers to make their solution to longer-term, cheaper loan services and products.

Sen. Pat Browne, R-Lehigh County, on Friday introduced legislation he believes responds to your criticisms raised in regards to the proposition available in final legislative session.

It also possesses brand new title for the two-week loans. Browne’s bill calls them “micro loans.”

But opponents say they aren’t tricked.

Simply by reading the memo that Browne distributed to their Senate colleagues searching for their help, opponents see small difference between it therefore the proposition they fought this past year.

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