Lawmakers desire to enhance fines for rogue pay day loan providers by 500 %

Lawmakers desire to enhance fines for rogue pay day loan providers by 500 %

Lawmakers desire to enhance fines for rogue pay day loan providers by 500 percent

FRANKFORT – A few Kentucky lawmakers want spend day loan stores to face heavier that is much every time they violate consumer-protection legislation.

Senate Bill 169 and home Bill 321 would boost the number of fines available to the Kentucky Department of finance organizations through the present $1,000 to $5,000 for each financing this is certainly payday to between $5,000 and $25,000. Continue reading Lawmakers desire to enhance fines for rogue pay day loan providers by 500 %