Representatives from the Virginia Organizing Project, National Association for the Advancement of Colored People and Augusta Coalition for Peace and Justice paced the sidewalks outside of Allied Cash Advance and Fast Payday Loans Inc. Chris Saxman, R-Staunton, proposed a bill that would cap interest rates at 36 percent for all payday loans in the state, while still allowing lenders to charge a series of additional fees. When Curtis Bishop stopped by to talk to the demonstrators, he said that as a working man without good credit he has to rely on payday lenders for emergency cash. For all of these institutions — banks, mortgage brokers, credit card companies, and payday lenders — if they can get over on us, they will. Read More