
RICHMOND April 22, 2020 Following Attorney General Mark Herrings letter to Governor Northam requesting an accelerated useful date for important complete reforms aimed at curtailing predatory lending practices, case study answer General Assembly has moved case study solution constructive date for these reforms up to January 2021. In his letter, Attorney General Herring asked that case study answer constructive dates for House Bill 789 Delegate Lamont Bagby and Senate Bill 421 Senator Mamie Locke be moved earlier citing case study answer are looking to better give protection to Virginians during these challenging financial times brought on by case study answer COVID 19 pandemic. This is great news for case study answer many Virginians discovering themselves in a tough financial situation on account of COVID 19 and who may turn to small dollar loans if you want to make ends meet, said Attorney General Herring. These customer lending reforms will close easily abused loopholes and provide much needed protections for Virginia debtors. Im glad I was capable of help get case study solution beneficial date for these critical bills moved up in order that Virginians who take out these small dollar loans during this challenging time can be better included. The legislation tightens case study solution rules on exploitative predatory creditors and closes easily abused loopholes in order that Virginia debtors are afforded protections regardless of case study answer variety of loan they seek.