January 16, 2009
Payday lenders’ ally now upset
A powerful ally of payday lenders is furious over the industry’s perceived end-run on new restrictions on high-cost instant loans and is vowing to block it. Senate Majority Leader Richard L. Saslaw, D-Fairfax, said he is writing legislation to prohibit lenders from offering so-called open-ended loans with potentially unlimited fees. Saslaw’s bill—and a similar measure by Del. G. Glenn Oder, R-Newport News, an industry foe—would restrict lenders to payday loans, which a law that took effect Jan. 1 seeks to control through complex repayment rules and higher fees.
January 14, 2009
Court hears Declaration arguments
The Supreme Court of Virginia yesterday heard arguments in Maine’s last chance to obtain a 1776 copy of the Declaration of Independence it says belongs to the town of Wiscasset. “Public documents belong to the government, they don’t belong to people,“ Thomas A. Knowlton, a Maine assistant attorney general, told the Virginia justices yesterday. He said the print belongs to the town.
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