The new disruptive economy is shaking up everything from the newspapers to the music business, and the latest target is the hotel industry. But local governments aren’t getting their cut of the action, at least not yet.
Faith leaders from across Virginia are joining forces with religious figures from around the country to press federal regulators to take action against predatory lending. The move comes in reaction to a new federal rule designed to protect consumers.
A class-action federal lawsuit against a payday lender may break new legal ground next month. That’s when a Virginia judge could deliver a ruling that will absolve hundreds of people from loans worth about a half a million dollars.