The new Virginia Equity for the Credit Work try paid from the Senator Mamie Locke (D-Hampton) and you may Delegate Lamont Bagby (D-Henrico), got more than 50 legislative co-clients out-of both sides, and you will gotten support away from varied stakeholders, and additionally individual advocates, people groups, faith leadership, lower-prices installment loan providers, in addition to condition attorneys standard. six Highest-rates lenders compared the fresh new change, saying which they wouldn't be capable operate during the called for lower prices, even after contrary research from other bers ultimately enacted the fresh regulations to...