2 strikes rule targets Rhode Island payday lenders, limiting collection after 2 loan defaults.

A watchdog group aims to help borrowers with a '2 strikes' rule targeting payday lenders in Rhode Island. Jessica Vega, who took out a $400 payday loan 15 years ago, is now using her experience to push for a law regulating payday loans in her home state. The '2 strikes' rule would give borrowers two chances to pay off their loans before a lender would be limited in their ability to collect.