This morning's issue of The State newspaper includes a piece on the efforts of Senator Sheheen and Senator Joel Lourie to close unforeseen loopholes in last year's payday lending reform bill. The loopholes leave open several opportunities for payday lenders to skirt the reform measures, and the legislation proposed by Senators Sheheen and Lourie would stop payday lenders from being able to do so. You can read the article here.
At noon today, Senators Sheheen and Lourie will hold a press conference in front of the State House to urge passage of their legislation. Video and pictures from the event will be posted this afternoon.
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