Guest Commentary: Predatory Lending has gone out of Control in Virginia

By Scott A. Surovell

Final thirty days, Attorney General Mark Herring noted that Virginia had been becoming referred to as lending that is predatory associated with the East Coast. Predatory loans have exploded in Virginia.

Last year, the typical Assembly capped pay loans at 36 percent day. Payday loan providers advertised they couldn’t earn money by having a 36 per cent APR and fled hawaii. [Read more...]