WA House passes bill to regulate payday lending - Spokane, North Idaho News & Weather KHQ.com

WA House passes bill to regulate payday lending

OLYMPIA, Wash. - Washington House lawmakers are putting payday lenders on notice with a bill that would impose increased limitations on the industry's small loan practices.

The House voted 84-10 early Tuesday to pass a bill that would require lenders to offer extended payment plans to borrowers who get in over their heads. The measure also blocks borrowers from receiving loans totaling more than 30 percent of their monthly income. The bill now goes to the Senate.

Initially the bill had provisions limiting the amount of interest borrowers would have to pay. But those provisions were removed.

Proponents of the measure say borrowers get trapped in a cycle of debt, forcing them to continually rely on payday loans.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Body of missing 6-year-old Lynnwood boy found in dumpster

    Body of missing 6-year-old Lynnwood boy found in dumpster

    Tuesday, October 17 2017 10:55 AM EDT2017-10-17 14:55:10 GMT

    LYNNWOOD, Wash. - The body of 6-year-old Dayvid Pakko has been found in a dumpster at an apartment in Lynnwood, and the Snohomish County Sheriff’s Department says there is evidence he was the victim of homicide.Major Crimes detectives are now investigating and a 19-year-old male has been taken into custody. He is a relative of the boy. The boy was reported missing at about 5 p.m. Monday.

    >>

    LYNNWOOD, Wash. - The body of 6-year-old Dayvid Pakko has been found in a dumpster at an apartment in Lynnwood, and the Snohomish County Sheriff’s Department says there is evidence he was the victim of homicide.Major Crimes detectives are now investigating and a 19-year-old male has been taken into custody. He is a relative of the boy. The boy was reported missing at about 5 p.m. Monday.

    >>
  • Woman punched in the face at Montana homecoming game

    Woman punched in the face at Montana homecoming game

    Monday, October 16 2017 9:21 PM EDT2017-10-17 01:21:25 GMT

    MISSOULA, Mont. - After a fight at the University of Montana homecoming football game in Missoula this weekend, a Helena woman was left with two black eyes. "The next thing I know is I am bleeding all over the place and I have no idea what happened," said Nancy Collick, the alleged victim. Nancy is still in shock and has been seeing different doctors to get her eyes and nose checked out.

    >>

    MISSOULA, Mont. - After a fight at the University of Montana homecoming football game in Missoula this weekend, a Helena woman was left with two black eyes. "The next thing I know is I am bleeding all over the place and I have no idea what happened," said Nancy Collick, the alleged victim. Nancy is still in shock and has been seeing different doctors to get her eyes and nose checked out.

    >>
  • Spokane man accused of cutting his wife's brakes, sending text hoping she crashed

    Spokane man accused of cutting his wife's brakes, sending text hoping she crashed

    Monday, October 16 2017 10:05 PM EDT2017-10-17 02:05:27 GMT

    SPOKANE, Wash. - A man was arrested over the weekend for allegedly cutting the brakes on his estranged wife's car and then sending her a threatening text message. The victim noticed something wasn't right with her vehicle and drove it to a shop before anyone was hurt. Court documents allege Adrian J. Reyez, 32, committed felony domestic violence harassment.

    >>

    SPOKANE, Wash. - A man was arrested over the weekend for allegedly cutting the brakes on his estranged wife's car and then sending her a threatening text message. The victim noticed something wasn't right with her vehicle and drove it to a shop before anyone was hurt. Court documents allege Adrian J. Reyez, 32, committed felony domestic violence harassment.

    >>
HD DOPPLER 6i
/