Eric J. Shelton, Mississippi Today/ Report for America

Eric J. Shelton, Mississippi Today/ Report for America

Money in A Flash Check Advance’s sign up Ellis Avenue on Monday, October 2, 2018.

Rep. Kathy Sykes, D-Jackson, whom represents numerous low-income areas, co-authored the 2018 bill to reenact regulations creating loans that are installment.

Sykes said she didn’t recognize the charges might be because high as $4,500 for a $2,000 loan, as Mississippi Today found.

Nevertheless, Sykes said, “Until the bulk organizations make credit open to those of us that have low earnings … then these organizations are very important. […]

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