2025 Regular Session • Rhode Island Legislature
S0229: Repeals the provisions of the general laws allowing deferred deposit providers, also known as "payday lenders."
Legislative Summary
FINANCIAL INSTITUTIONS -- LICENSED ACTIVITIES -- LENDERS AND LOAN BROKERS -- CHECK CASHING - Repeals the provisions of the general laws allowing deferred deposit providers, also known as "payday lenders."
Demographic Impact
Overall analysis of equity impact
80% Positive
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Bill History
2/13/2025
Introduced, referred to Senate Commerce
Senate
5/16/2025
Scheduled for hearing and/or consideration (05/20/2025)
Senate
5/20/2025
Committee recommended measure be held for further study
Senate
Status Information
Current Status
Introduced(2/13/2025)
Chamber
Senate
Committee
Commerce(Senate)
Sponsors
Democrat: 4
Primary Sponsor
Ana Quezada
Democrat