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On Friday Gov. Chris Gregoire signed a payday loan reform bill into law which effectively lowers the astronomical interest rates charged for these loans to a somewhat less gargantuan rate, at least for some people, it all depends on when you get paid.
The new law lowers the interest rate payday lenders can charge by extending the length of the loan, for some borrowers.
Thanks to a bill signed into law today by Gov. Chris Gregoire, homeowners and renters will have a bit more time to before the bank foreclosures on their home. The new law requires that banks give owners 30 days notice before foreclosing. If there are renters in the building, the new owners must give tenants a written notice and 60 days to move out.
No matter how you slice or dice the numbers Washington's economy is going to get worse before it gets better, according to a report today by the state's Economic and Revenue Forecast Council.
"We are witnessing an unprecedented economic crisis the likes of which, arguably, we have not seen since the Great Depression," ERFC Executive Director Arun Raha said during the quarterly revenue review in Olympia with legislators and the press. "That's not to say we're heading there, not by a long shot, but number two is not great either," he said while explaining his latest economic forecast showing a much weaker state economy than was predicted just a few weeks ago.
At a press conference this morning in Olympia, Gov. Chris Gregoire announced Washington's new $5 million online sex offender database to track the whereabouts of the 18,136 sex offenders living here. Well, the system actually knows the location of 13,254 convicted sex offenders, leaving 4,882 unaccounted for.
Last year Washingtonians gave the state $65 million in unclaimed earned income tax credits.
To help raise awareness for the tax credit, Gov. Chris Gregoire last month said that January 30 is "Earned Income Tax Credit Day."
How would you fix the $6 billion budget deficit the governor and legislature are facing this year? Gregoire's looking at health care and education.