Liias bill on payday advances almost dead in legislature
Liias bill on payday advances almost dead in legislature
A bill on pay day loans, sponsored by Democratic State Sen. Marko Liias, is apparently dead when it comes to present session that is legislative.
Fellow Democrats have actually criticized Lias for sponsoring the bill, stating that it weakens Washington’s strict guidelines on payday lending.
The bill passed the continuing State Senate during the early March by way of a 30-18 vote, with Democratic Sens. Maralyn Chase and Rosemary McAuliffe voting no.
The bill got a “pass” recommendation from the committee on business and financial services, with Democratic State Rep. Cindy Ryu voting for a “do not pass” recommendation, and Rep.