Statement by Terry Brooks on House Banking & Insurance Committee’s Failure to Pass HB 182
"HB 182 sponsored by Representative Darryl Owens failed to pass the House Banking and Insurance Committee today. The bill would have capped the effective interest on payday loans at 36%. While we respect the votes of the members of the House Banking and Insurance Committee, we think the committee neglected their responsibility to protect Kentucky's most vulnerable citizens. Representative Johnny Bell's bill in the 2009 General Assembly to institute a database has been a strong [...]