Gov. Northam approves legislation to battle predatory financing

Gov. Northam approves legislation to battle predatory financing

Governor Ralph Northam approved a bill this weekend that is past advocates state can help protect customers from predatory financing.

The Virginia Fairness in Lending Act, passed away by your house of Delegates and Senate earlier this 12 months, is largely focused across the parameters of short-term loans. It tightens legislation on customer lending, financing for individual or home purposes, and also to close current loopholes for corporations. Continue reading “Gov. Northam approves legislation to battle predatory financing”