November 6, 2006 — Payday lending is actually a business that is big the topic of much debate

November 6, 2006 — Payday lending is actually a business that is big the topic of much debate

In Virginia, pitting industry supporters against consumer advocates who object towards the practice’s short-term, high-interest loans, and making state legislators with a choice to produce regarding legislation.

Jay Speer, executive manager of this Virginia Poverty Law Center, defended customers while Michele Satterlund, legal counsel from Macaulay & Burtch, P.C., represented the payday financing industry at a panel Nov. 1 during the University of Virginia School of Law. State Sen. Creigh Deeds additionally spoke in regards to the part of legislators in managing the industry during the event, that has been sponsored by Family Resource Clinic, the American Constitution community for Law and Policy, while the Federalist community.

Payday advances are often governed by the continuing states, explained moderator Prof. Continue reading “November 6, 2006 — Payday lending is actually a business that is big the topic of much debate”