Committee approves payday lending ‘loophole’ bill

Politics in Minnesota > News > The Briefing Room > Committee approves payday lending ‘loophole’ bill

Committee approves payday lending ‘loophole’ bill

by Betsy Sundquist
Published: March 5,2010
Time posted: 2:26 pm
Tags: Jim Davnie, payday lending, Ron Elwood

A House committee this morning approved a bill that would close a loophole in state law that allows three payday lending companies to operate under rules other than those specifically written to govern the industry.

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