Kansas lawmakers ask to keep studying lending that is payday after hearing input on high-rate loans

Kansas lawmakers ask to keep studying lending that is payday after hearing input on high-rate loans

Claudette Humphrey, whom operates an application for Catholic Charities of Northern Kansas that will help people get out from underneath high-interest pay day loans, testifies before a unique committee that is joint of Kansas Legislature and only a bill that will place tighter restrictions in the interest levels and costs those loan providers may charge.

Topeka ? The payday financing industry scored a short-term triumph in Kansas Wednesday whenever a particular legislative committee do not make an up or down suggestion in regards to a bill that could place tight restrictions from the rates of interest and charges those loan providers may charge.

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