A bill on pay day loans, sponsored by Democratic State Sen. Marko Liias, is apparently dead for the present legislative session.
Fellow Democrats have actually criticized Lias for sponsoring the balance, stating that it weakens WashingtonвЂ™s strict guidelines on payday lending.
The bill passed the continuing State Senate during the early March by a 30-18 vote, with Democratic Sens. Maralyn Chase and Rosemary McAuliffe voting no.
The bill got a вЂњpassвЂќ recommendation from the committee on business and financial services, with Democratic State Rep. Cindy Ryu voting for a вЂњdo not passвЂќ recommendation, and Rep. Derek Stanford voting to make no recommendation in the House.
Majority House Democrats then delivered it into the home committee on basic government and information technology, which possessed a general public hearing monday, April 6, but took no action, and therefore the bill missed a Tuesday, April 7, due date to attain your house flooring. Continue Reading