One Lawmaker’s Plan to Regulate Online Lending

 

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Delegate Mark Levine of Alexandria
(Credit markfordelegate.com)

With the rise of online lenders, consumers in Virginia can be hit with loans that have interest rates far beyond any brick-and-mortar location. Now one lawmaker from Northern Virginia is offering a solution, although consumer advocates say the bill might cause more problems than it solves. Michael Pope has the story.

 

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