Liias bill on payday advances almost dead in legislature

Liias bill on payday advances almost dead in legislature

A bill on payday advances, sponsored by Democratic State Sen. Marko Liias, is apparently dead for the present legislative session.

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 at the beginning of March with 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. 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 towards the home committee on basic government and information technology, which had a hearing that is public, April 6, but took no action, which means that the balance missed a Tuesday, April 7, due date to achieve your house flooring. Continuar leyendo «Liias bill on payday advances almost dead in legislature»