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Liias bill on pay day loans almost dead in legislature

A bill on payday advances, sponsored by Democratic State Sen. Marko Liias, is apparently dead when it comes to present legislative session.

Fellow Democrats have actually criticized Lias for sponsoring the bill, stating that it weakens Washington’s strict guidelines on payday lending.

The bill passed the continuing State Senate in very early March by way of a 30-18 vote, with Democratic Sens. Maralyn Chase and Rosemary McAuliffe voting no.

The bill got a “pass” recommendation from the committee on business and financial services, with Democratic State Rep. Continue reading