Afternoon Jolt: Repealing Cash Advance Reform

Afternoon Jolt: Repealing Cash Advance Reform Today’s (righteous) loser: State Sen. Sharon Nelson (D-34). This past year, then-Rep. Nelson (she relocated up to the senate this season) effectively sponsored a bill that imposed brand brand new regulations on payday lenders—companies that offer tiny, short-term loans at incredibly high interest levels. The loans—called pay day loans …

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