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Consumer Financial Protection Bureau. January 13, 2016. Accessed January 27, 2016. https:www. consumerfinance. govaskcfpb1573what-does-it-mean-renew-or-roll-over-payday-loan. html Puzzanghera, Jim.
In his concurrence, Justice Pfeifer commented: Payday lending was a scourge. It had to be eliminated or at least controlled.
So the General Assembly enacted a bill, the Short-Term Lender Act (STLA), R. 1321. 35 to 1321. 48, to regulate short-term, or payday, loans. And then a funny thing happened: nothing. It was as if the STLA did not exist.