Predatory Lending

Taber Andrew Bain / Creative Commons

Lawmakers are about to consider a significant change to legislation aimed at cracking down on predatory lending.

Lawmakers in Richmond are trying to crack down on high-interest loans. But, advocates against predatory lending are concerned about new loopholes that might be created in the process.

Taber Andrew Bain / Creative Commons

Virginia may be on the verge of losing car-title lenders and payday lenders. But, several other low-interest lending companies may be moving in to take their place — if lawmakers take action to prevent high-interest lending.

Michael Pope

Legislation aimed at reigning in high-interest loans will get attention in the state Senate later today.

MBandman / Creative Commons

Some are hoping this will finally be the year that lawmakers crack down on high-interest lenders now that Democrats are taking control of the General Assembly.