Crackdown on high-interest loans — blocked for ten years in Richmond — clears a crucial first hurdle

Crackdown on high-interest loans — blocked for ten years in Richmond — clears a crucial first hurdle RICHMOND — A bill that bans the sort of online loans that hit Virginians with interest levels often surpassing 900% passed an integral hurdle that is first the General Assembly on Thursday. The legislation focusing on the internet …

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