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Let me make it clear about Payday lending debate returns to Georgia

Let me make it clear about Payday lending debate returns to Georgia

ATLANTA – customer teams, prosecutors and lawmakers that are many that they had closed the entranceway for good.

But just 36 months later on, payday financing might be finding its way back to Georgia under a bill going through the Legislature.

Backers say the regulations that are strict cost caps being proposed would produce a tightly managed industry kept in balance by strong charges. The effect will be a cry that is far the horror tales about predatory lending that helped kick the industry from the state in 2004.