But just 3 years later on, payday financing could possibly be finding its way back to Georgia under a bill going through the Legislature.
Backers say the strict laws and charge caps being proposed would produce a tightly controlled industry kept under control by strong charges. The effect will be a cry that is far the horror tales about predatory financing that helped kick the industry out from the state in 2004.
Experts are much less trusting.
“they truly are essentially attempting to disinfect their image, however their background on playing by the guidelines is awful,” said Allison Wall, executive director associated with the customer advocacy team Georgia Watch. (more…)