29 mar Crackdown on high-interest loans — blocked for 10 years in Richmond — clears a vital hurdle that is first

RICHMOND — A bill that bans the sort of online loans that hit Virginians with interest levels often surpassing 900% passed a vital hurdle that is first the General Assembly on Thursday.

The legislation focusing on the web organizations additionally would slash costs levied for payday, automobile name along with other short-term loans.