Kansas lawmakers ask to carry on learning payday financing bill after hearing input on high-rate loans

Kansas lawmakers ask to carry on learning payday financing bill after hearing input on high-rate loans

Claudette Humphrey, whom operates a system for Catholic Charities of Northern Kansas that can help people escape from underneath high-interest payday advances, testifies before a particular joint committee associated with Kansas Legislature and only a bill that will place tighter restrictions regarding the interest levels and charges those lenders may charge.

Topeka ? The lending that is payday scored a short-term triumph in Kansas Wednesday whenever a unique legislative committee do not make an up or down suggestion about a bill that could put tight restrictions in the interest levels and costs those loan providers may charge.Read more