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West Virginia Considers Consumer Credit Act To Protect Shoppers
West Virginia lawmakers prepare a consumer credit act with support from the state Bankers Association Retailers Association and loan groups. The bill aims to clarify finance charges curb usury and set a legal monthly rate of 1 percent or 18 percent per year. Public hearings are planned as Judiciary committees begin consideration.
MENTIONED IN THIS ARTICLE
Harleston
W.va
UPI
West Virginia
Ralph
Judiciary
House
Senate
Bankers