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Gov. Haley Barbour intends to signal a bill geared towards reducing the 572-percent comparable interest on pay day loans, their workplace stated Monday.

“The legislation hasn’t reached the governor’s workplace yet, but as soon as it does – unless there’s some unexpected issue or shock it,” said spokesman Dan Turner in it– Gov. Barbour is likely to sign.

The other day, lawmakers into the Senate and House compromised for a bill to cut back costs on payday advances.

Spiritual leaders are urging Barbour to veto home Bill 455.

“Despite needs by this team among others for significant reforms, the balance doesn’t get far sufficient to protect working families from the best charges when you look at the Southeast on pay day loans,” the Rev. […]