To own media inquiries just, contact: Charlotte Gomer, Push Secretary Cell phone: (804)786-1022 Cellular: (804) 512-2552 Current email address: So it email address will be protected against spambots. You prefer JavaScript made to find it.

Even lawful finance are financially risky and you can pitfall people during the a personal debt course; Herring offered comprehensive predatory credit reforms just last year you to ran on the effect

From inside the 2019, over 83,107 Virginians got away 268,097 payday loans totaling nearly $111 billion having the common Apr off 253%. Over 102,815 Virginians got out over $137 billion in-car label fund for the 2019, and you can nearly 10,100000 Virginians had their trucks repossessed and marketed for failure so you’re able to pay back an auto title loan.

In one loan cited throughout the criticism, a great Virginia borrower are accountable for over $6,100000 for the money for just $2,one hundred thousand lent

Lawyer Standard Herring offered comprehensive predatory credit reforms this past year (HB789 Delegate Lamont Bagby; SB421 Senator Mamie Locke) one ran to your effect on . Read More…