January 16, 2017
Sen. Scott Surovell (D-36) presents his bill to the Senate Commerce and Labor Committee.
Stories this photo appears in:
Senate Panel Approves Crackdown on Internet Lenders in Virginia
Bill would subject unregulated loans to rules that apply to consumer-finance loans.
The Wild West of online lending is about to become a little tamer. That’s because a state Senate panel narrowly approved a bill that would subject internet loans to the same restrictions that currently exist for consumer finance loans, a move that would cramp the anything-goes culture of online loans in Virginia.
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