The payday-lending industry hasn’t lost battles that are many Capitol Hill

The payday-lending industry hasn’t lost battles that are many Capitol Hill

By VICTORIA MCGRANE

11/04/2009 05:16 AM EST

However some Democrats wish that economic reform legislation making its method through Congress would be an opportunity that is good alter that.

In specific, the alleged customer economic security agency that Democrats seek to create would topic payday lenders — organizations that provide clients little and short-term loans, generally to be paid back regarding the next payday — to new scrutiny that is federal. Read more