For three years, Louisville Representative Darryl Owens has been trying to convince his colleagues to place a 36 percent annual cap on payday loans. But his bill never went anywhere. It never even got a committee hearing, until now.
To date, Kentucky’s Office of Consumer Protection has issued subpoenas to seven for-profit colleges across the commonwealth. The office wants the schools to produce information on student loans, loan default rates, student recruitment, advertising claims, financial aid and the transferability of course credits.
Louisville’s two flood disaster relief offices will close Thursday.
A restaurateur and retailer are the latest to receive small-business loans from Louisville Metro Government.