West Virginia Congressional Delegation Should Correct Rent-a-Bank Scheme

The Charleston Gazette-Mail published an editorial encouraging West Virginia’s congressional delegation to take action to stop payday predators.

Here’s more:

Cross any of West Virginia’s borders and one of the first things you’ll notice is a host of payday lending or check cashing businesses. These operations typically give those who are having money problems a loan with ridiculously high interest rates that snowball and keep the borrower under their thumb.