Category Archives: Payday lending

I wish people could read

Tuesday, July 14, 2009 – 7:06 pm

I was about to respond to a post about the Governor’s plan to provide loans of up to $500 to state employees and then decided my response would be too long.  Let me start with a link to the Governor’s news release about the program.  Now, a few quotes from it:
The pilot program, a partnership [...]

By vjp | Also posted in Local, Politics, Virginia | Comments (6)

Tuesday update (on a Friday): Payday lending

Friday, March 7, 2008 – 7:50 pm

Weekly update of my legislative agenda issue.
OK, it’s been a busy day and week so updating this legislative agenda issue got a little behind, though I did mention this earlier in the week. Thursday, the General Assembly passed legislation that will make some changes in payday lending. HB12 as amended includes:

A change in the fee. [...]

By vjp | Also posted in Local, Politics, Virginia | Comments (4)

Compromise on payday lending

Monday, March 3, 2008 – 8:03 pm

According to The Virginian Pilot, a compromise has been reached on payday lending. The missing piece: a cap on interest rates. (I find it curious that Del. Terry Kilgore says that “there was not enough support to pass an annual cap on loans.” SB12 passed the House 91-7! What votes is he missing?)
You know, if [...]

By vjp | Also posted in Local, Politics, Virginia | Comments (7)

Payday lending bill passes

Monday, February 11, 2008 – 11:35 am

HB12, the revised bill I mentioned last week, passed this House this morning on a 91-7 vote. Kudos to the majority of Delegates who voted for this bill.

By vjp | Also posted in Local, Politics, Virginia | Comments (5)

Tuesday update (02/05): Payday lending

Tuesday, February 5, 2008 – 8:22 am

Weekly update of my legislative agenda issue.
Big news on the payday lending issue came yesterday. At a morning press conference, it was announced that legislators had reached a compromise on this. (Not just GOP legislators, Brian.)
Key legislators from both parties in the House of Delegates have signed onto a compromise to regulate payday [...]

By vjp | Also posted in Local, Politics, Virginia | Comments (5)

Tuesday update (01/29): Payday lending

Tuesday, January 29, 2008 – 8:48 am

Weekly update of my legislative agenda issue.
Still no action on any of the payday lending legislation I previously listed. It appears that the conversation is continuing on reaching a compromise.
In the meantime, take a look at this article from The Virginian Pilot.
Lenders are targeting middle-income neighborhoods, usually near shopping malls, and avoiding poor areas.
[...]
Jay Speer, [...]

By vjp | Also posted in Local, Politics, Virginia | Comments (3)

Tuesday update (01/22): Payday lending

Tuesday, January 22, 2008 – 11:37 am

Weekly update of my legislative agenda issue.
There has been no action on any of the payday lending legislation I previously listed. According to The Daily Press, both sides of the debate were supposed to have had a meeting last Saturday to try to hash out some compromise. Of course, having the second largest payday [...]

By vjp | Also posted in Local, Politics, Virginia | Comments (10)

Tuesday update (01/15): Payday lending

Tuesday, January 15, 2008 – 9:07 am

Weekly update of my legislative agenda issue.
Once again, not much to report except committee assignments. Nearly all of the bills are in the HC&L (House Commerce & Labor) committee or the SC&L (Senate Commerce & Labor) committee. The HC&L committee meets Tuesdays and Thursdays, 1/2 hour after adjournment, while the SC&L committee meets Mondays, 1/2 [...]

By vjp | Also posted in Local, Politics, Virginia | Comments (9)