November 6, 2006 — Payday lending is actually a big company and the main topic of much debate

In Virginia, pitting industry supporters against consumer advocates who object into the practice’s short-term, high-interest loans, and making state legislators with a choice to create regulation that is regarding.

Jay Speer, executive manager associated with the Virginia Poverty Law Center, defended customers while Michele Satterlund, legal counsel from Macaulay & Burtch, P.C., represented the payday lending industry at a panel Nov. 1 during the University of Virginia class of Law. State Sen. Creigh Deeds additionally spoke concerning the part of legislators in managing the industry in the occasion, that was sponsored by Family site Clinic, the United states Constitution community for Law and Policy, additionally the Federalist community. (more…)