01
May

Moneytree-Washington Payday Loan Laws

UPDATE ON WASHINGTON PAYDAY LOAN LAWS: A bill backed by Seattle-based Moneytree to reshape the state’s payday loan regulations and allow longer-term borrowing survived a contentious Senate debate but was not taken up by the House. Senate Bill 5899 would replace traditional two-week, high-interest consumer loans with “installment loans” that could extend – and accrue interest and monthly fees – over several months.

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