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Introduced November 1, 2023
Official text and analysis
Financial institutions: payday lending; deferred presentment service transactions that charge service fees greater than an annual rate of 36%; prohibit.
Tags: Nanny State, Regulations, Banking
Sponsor: Sara Anthony
Cosponsors: John Damoose, Jeff Irwin, Erika Geiss, Stephanie Chang, Sue Shink, Rosemary Bayer, Mallory McMorrow
Referred to Senate Finance, Insurance, and Consumer Protection Committee
