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Liias bill on payday advances almost dead in legislature

Posted by: funnytodd   
January 30th,
2021

A bill on pay day loans, sponsored by Democratic State Sen. Marko Liias, is apparently dead for the present session that is legislative.

Fellow Democrats have actually criticized Lias for sponsoring the bill, stating that it weakens Washington’s strict guidelines on payday lending.

The balance passed the State Senate in very early March by a 30-18 vote, with Democratic Sens. Maralyn Chase and Rosemary McAuliffe voting no.

The bill got a “pass” recommendation from the committee on business and financial services, with Democratic State Rep. https://approved-cash.com/payday-loans-oh/wilmington/ Cindy Ryu voting for a “do not pass” recommendation, and Rep. Derek Stanford voting to make no recommendation in the House.

Majority House Democrats then delivered it to your home committee on basic federal federal government and information technology, which possessed a hearing that is public, April 6, but took no action, and thus the bill missed a Tuesday, April 7, due date to achieve the home flooring. The committee does not have any more planned meetings.

The bill now could be revived just as one “necessary to implement the budget.”

Senate Republican frontrunner Mark Schoesler of Ritzville told the Associated Press a week ago that a payday-lending plan could fundamentally engage in any budget deal that is final. Read the rest of this entry »