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Liias bill on payday advances almost dead in legislature

Liias bill on payday advances almost dead in legislature

A bill on pay day loans, sponsored by Democratic State Sen. Marko Liias, is apparently dead when it comes to present session that is legislative.

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

The bill passed the State Senate in very early March by 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. Cindy Ryu voting for a “do not pass” recommendation, and Rep. Derek Stanford voting to make no recommendation in the House.

Majority House Democrats then delivered it to your home committee on basic federal government and information technology, which had a hearing that is public, April 6, but took no action, and thus the balance missed a Tuesday, April 7, due date to achieve the home flooring. The committee has no more planned meetings.

The balance now may be revived just as one “necessary to implement the budget.”

Senate Republican frontrunner Mark Schoesler of Ritzville told the Associated Press a week ago that the payday-lending plan could fundamentally engage in any budget deal that is final.