2025 Regular Session • Rhode Island Legislature
H5042: Repeals the provisions of the general laws allowing deferred deposit providers, also known as "payday lenders."
Legislative Summary
FINANCIAL INSTITUTIONS -- LICENSED ACTIVITIES - Repeals the provisions of the general laws allowing deferred deposit providers, also known as "payday lenders."
Demographic Impact
Overall analysis of equity impact
60% Positive
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Bill History
1/15/2025
Introduced, referred to House Corporations
House of Representatives
3/7/2025
Scheduled for hearing and/or consideration (03/13/2025)
House of Representatives
3/13/2025
Committee recommended measure be held for further study
House of Representatives
Status Information
Current Status
Introduced(1/15/2025)
Chamber
House of Representatives
Committee
Corporations(House of Representatives)
Sponsors
Democrat: 9
Republican: 1
Primary Sponsor
Karen Alzate
Democrat