For many years, payday lenders expanded throughout Virginia, advertising and marketing quick money to borrowers which have a job and a bank bank account.
That is changing in to the wake for the latest state directions that took effect Jan. 1 . Much more of this shop front part financial institutions now can sell larger loans, including car-title loans, that fall not in the selection of state legislation.
Some also have surrendered their payday-lending licenses to spotlight these open-end lines of credit.