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Payday lending clash pits faith groups against industry in Virginia
Virginia faces a high stakes fight over payday loans as religious groups, NAACP, AARP and local governments join anti loan advocates against lenders with deep lobbying, ads, and donations. Debate centers on capping rates at 36 percent amid a beefed up industry and renewed legislative push.
MENTIONED IN THIS ARTICLE
Richmond, Va
David
Goliath
Naacp Aarp Better Business Bureaus of
Virginia
General Assembly
David and
C. Douglas Smith
Virginia Interfaith Center For Public Policy
Smith
del. Harvey Morgan
Gloucester
Community Financial Services Association
Industry Trade