Senator Dave Hansen of Green Bay accused the payday loan givers of trapping the poor by making themselves out as a convenient and easy source of cash loans. Trying his best to alert people of dangers of payday loans, the Senator called upon the credit unions and community banks to step forward and provide alternatives. He opined that the popularity of payday loans stemmed from lack of viable alternatives. He wished to introduce finance reforms to abolish the “practice of predatory lending”.
Main | Kansas – legislators out to limit total number of payday loans drawn by the borrowers. »
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