Payday loan provider proposal would just harm susceptible residents
Payday loan provider proposal would just harm susceptible residents
The harms of payday financing have already been well documented, while the Michigan Legislature is currently poised to give those loan providers with another device that may cause harmful economic effects to your state’s communities that are already vulnerable.
May 27, the Michigan home of Representatives authorized House Bill 5097, authorizing a fresh long term, high cost “small” loan product by “deferred presentment solution deal providers,” better referred to as payday […]
