The Ongoing Efforts to Regulate Online Loans in Virginia

Mark Levine

Delegate Mark Levine, D-Alexandria, is part of a group that is hoping to impose new regulations on the online lending industry in Virginia. (Credit: AP Photo / Steve Helber)

No job? No credit? No problem, borrowers can go online to get a loan — and pay five thousand percent interest. But, as Michael Pope reports, that era might be coming to a close.

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