Payday loans revamp bill all but dead

OLYMPIA, Wash. (AP) — A bill that would rewrite Washington's payday lending laws to favor longer-term high-interest loans has stalled in a House committee after passing the Senate in a contentious vote.

Senate Bill 5899, which is endorsed by Seattle-based Moneytree and opposed by Gov. Jay Inslee, faces a Tuesday deadline to get from the House committee on General Government and Information Technology to a floor vote. The committee heard the bill Monday but did not vote on it, and it has no further meetings scheduled.

Even if the bill has expired in the House, the payday loan proposal may not be fully gone from the Legislature's 2015 agenda. Senate Republican leader Mark Schoesler of Ritzville said Tuesday a payday lending plan could ultimately be part of any final budget deal.