Governor Deposits a Veto to Help Predatory Lenders

Governor deposits a veto to help predatory lenders

Juneau Empire Juneau Empire - The Voice of Alaska's Capital Since 1912 Thousands of Alaskans get so squeezed on their finances every year that they turn to high-interest payday loans to help cover their bills. That may sound manageable — short-term borrowing with the intent to pay back the debt with the next paycheck — but it digs a deep hole into financial quicksand for many people. Opinion: Governor deposits a veto to help predatory lenders Wi…

Governor vetoes bill capping high interest rates and fees of payday lenders

Alaska Gov. Mike Dunleavy has vetoed a bill that would have limited high interest rates and fees for payday loans of $25,000 or less, which advocates said would have protected against predatory lending.