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Lawmakers want to enhance fines for rogue payday loan providers by 500 per cent

Lawmakers want to enhance fines for rogue payday loan providers by 500 per cent

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Lawmakers want to enhance fines for rogue payday loan providers by 500 per cent Senate Bill 169 and house Bill 321 would boost the array of fines agreed to the Kentucky Department of finance organizations through the current $1,000 to $5,000 for every single single lending that is payday to between $5,000 and $25,000. State Sen. Alice Forgy Kerr, R-Lexington, reported she wound up being upset last July to see in to the Herald-Leader that Kentucky regulators allowed the five…

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