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Nutter Bank Report: May 2024 | Nutter McClennen & Fish LLP

Nutter Bank Report: May 2024 | Nutter McClennen & Fish LLP
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How The Constitution Was Weaponized Against America s Poorest Borrowers
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Payday lending rates are sky high, but not optimism for R I Senate to pass reform this year

It’s a classic case of political power dynamics. Community advocates, voters and lawmakers have spent years trying to bring payday loan reform to Rhode Island. And every year, it fails, with legislative leaders unwilling or uninterested in advancing the proposals to their respective chambers for a vote. Until last year, when the Rhode Island House […] The post Payday lending rates are sky high, but not optimism for R.I. Senate to pass reform this year appeared first on Rhode Island Current.

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