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Cashnet usa
The Virginia Senate sent a message to payday lenders on Friday: Don’t think you can get over on us.
Annoyed by what they perceive as the lenders’ end run around tough new restrictions passed last year, senators unanimously passed a bill to prevent them from offering other types of loans.
The majority of the state’s nearly 800 payday lenders received regulatory approval to offer open-end loans that can carry unlimited interest rates after the General Assembly last year passed strict regulations, which included limiting the number of loans borrowers could get annually. The restrictions took effect this month.
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