Lobbyists pushing to legalize pay day loans in Pa.

Lobbyists pushing to legalize pay day loans in Pa.

CREDIT COUNSELORS call them predatory loan providers who feed off low-income employees attempting to allow it to be with their next paychecks.

Philadelphia’s customer advocate calls their company “legalized loan sharking” — essentially out-of-state mobsters minus the funny nicknames.

President George W. Bush signed a legislation in 2006 that kicked them down bases that are military. Seventeen states have actually outlawed them.

Also former state Sen. Vince Fumo, who is doing federal amount of time in a Kentucky jail on corruption fees, called them a “scam.”

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