The full Assembly and Senate are taking up legislation that essentially gives customers up to a 60-day protection window, as long as they apply for utility assistance by June 15.
Documentation sent to New Jersey 101.5 shows a 2019 financing receipt from a pet shop in Union, which was instructing the consumer to pay back more than $7,500 over 2 years for a $2,500 loan.
Banks say the main reasons are customer-driven, but advocates for consumers say there are plenty of New Jersey residents, young and old, who are being wildly inconvenienced by the trend.