Virginia Lawmakers Play Whack-A-Mole with Predatory Lenders
Senate panel takes action limiting one kind of high-interest loan, leaving loophole for another.
By this time next year, high-interest lenders may be prohibited from making consumer finance loans — at least ones they find profitable at 200 percent interest. So that loophole may be closed by the end of the General Assembly session. But it seems likely lawmakers will leave Richmond this year creating no restrictions on open-end lines of credit, raising concern among some that lawmakers are playing a game of whack-a-mole.
The Secret to ‘Jointness’ in Alexandria
Council and School Board consider political will necessary to work together.
Short Bridge, Big Compatibility Issues in Arlington and Alexandria
Arlington moves forward with bridge park, but Alexandria lags behind.