Christiansburg, Montgomery County, and Henry County Support “Staunton II”...
In the past couple weeks, three localities have joined the movement against predatory lenders. The City of Christiansburg adopted a resolution on September 21, followed by Montgomery County on the...
View ArticleStatewide Organizations Join the Movement to End Usury in Virginia
Virginia Municipal League, Virginia Organization of Counties, and Virginia First Cities set to support Bruce Elder’s resolution. These statewide organizations will power the movement to end usury in...
View ArticleArlington Adopts Resolution
Arlington adopted a “Resolution in Opposition to Predatory, Usurious Lending Practices in Virginia” on September 28th. This resolution is key in gaining the support of Northern Virginia in the fight...
View ArticleThe Number of Supporting Localities Climbs to Fifty-Eight
The number of localities with an anti-predatory lending resolution nears sixty with the additions of Highland County, Northampton County, the City of Roanoke, and the City of Martinsville. Staunton’s...
View ArticleWarren County Unaminously Adopts Resolution
Warren County unanimously adopted a resolution on Tuesday to support the end of usurious lending in Virginia. This resolution adds to the nearly sixty other local resolutions asking legislators to...
View ArticleSupport Continues to Grow
Three more localities adopt an anti-predatory lending resolution. The Town of Altavista voted to support a resolution October 12th, followed by the City of Emporia on October 19th, and the Town of...
View ArticleSenator Locke Introduces 36% Bills
Senator Locke of Hampton introduced two bills supporting the end of predatory lending in Virginia. Senate Bill No. 752 repeals provisions of the Payday Loan Act that allow for verification or loan fees...
View ArticleDelegate Glen Oder Introduces 36% Bill in House
Delegate Glen Oder of Newport News prefiled HB 1441 that, if passed, will cap the interest rate on payday loans, car-title loans, and open-ended credit at 36% APR. With Republican Delegate Oder and...
View Article99 Localities in Support of 36% Cap Since 2007
This year, 65 localities have adopted the “Staunton II” Resolution that urges the Governor and General Assembly to end predatory lending in Virginia. Back in 2007, there was a similar effort against...
View ArticleMore Press on the Growing Number of Localities Calling for 36% Cap
Bills recently introduced could put a cap on short-term loan interest rates. By Megan Davis Published: January 09, 2011 STAUNTON — Three years after the Virginia General Assembly issued mandates...
View Article
