Crackdown on high-interest loans — blocked for 10 years in Richmond — clears a vital first hurdle

Crackdown on high-interest loans — blocked for 10 years in Richmond — clears a vital first hurdle RICHMOND — A bill that bans the type of online loans that hit Virginians with interest levels often surpassing 900% passed an integral hurdle that is first the General Assembly on Thursday. The legislation focusing on the web …

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