Afternoon Jolt: Repealing Pay Day Loan Reform. Smaller short-term loans

By Mid-day Jolt February 18, 2011

Present (righteous) loser: State Sen. Sharon Nelson (D-34).

This past year, then-Rep. Nelson (she relocated over to the senate this season) successfully sponsored an expenses that imposed newer rules on payday lenders—companies which offer tiny, short term financing at very high rates of interest. (more…)