McCoy standing in way of payday funding bill?

McCoy standing in way of payday funding bill?

McCoy standing in method of payday funding bill?

Senator McCoy has a selection:

Keep $36 million an in usurious costs in iowan’s pouches as well as in our economy that is local 12 months

Protect 400% interest rates and continue steadily to remove wide variety from our communities.

In a spend time winding up in CCI users, Senate Commerce Committee chair Sen. Matt McCoy (D-Des Moines) stated no intention is had by him of considering Senate File 388, a bill to cap interest rates for payday loan at 36%. (Updates into the post are positioned below. )

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