FRANKFORT – many Kentucky lawmakers desire payday loan sites to handle a lot heavier penalties whenever they violate consumer-protection laws.
Senate costs 169 and quarters statement 321 would improve the array of fines accessible to the Kentucky section of banking institutions through the existing $1,000 to $5,000 for every single payday credit breach to between $5,000 and $25,000. Continue reading “Lawmakers need increase fines for rogue payday loan providers by 500 percent”