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Virginia: Payday Lenders Skirted Regulation by Providing Open-Ended Credit Lines

Virginia: Payday Lenders Skirted Regulation by Providing Open-Ended Credit Lines A 2009 Law Cracking Down On Payday Loans Including APR Caps And Loan Limits, Payday Lenders Began Offering Open-End Credit Lines With No Rate Caps after Virginia passed. –≤–ā—öThere ended up beingn–≤–ā‚ĄĘt much what the law states center could do in order to assist. –≤–ā—öThe open-end credit loophole is an easy method that lenders really ...

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