Browne has sponsored a bill to eliminate the state’s 24 per cent limit on rates of interest.

Browne has sponsored a bill to eliminate the state’s 24 per cent limit on rates of interest.

Pennsylvania Lawmaker Invites Predatory pay day loans Into HisР’ State.Pennsylvania is certainly one of simply 15 states that ban predatory loans that are payday for the time being. Each year through loans with average interest rates of over 300 percent if state Rep. Chris Ross (R) and state Sen. Pat Browne (R) have their way, though, the Keystone State will open its arms to companies that already pull billions of dollars out of poor communities.

Browne has sponsored a bill to get rid of the state’s 24 per cent limit on interest levels.