Owens Offers Bill to Cap Interest on Pay-Day Loans

From Kentucky Public Radio’s Tony McVeigh A Louisville lawmaker wants tighter restrictions on payday lenders in Kentucky, but the industry is fighting back. Rep. Darryl Owens says payday lenders prey on the poor, and leave many customers struggling with long-term debt. Owens and 19 co-sponsors are offering legislation capping interest on payday loans at 36-percent… Continue reading Owens Offers Bill to Cap Interest on Pay-Day Loans