The subject of capping payday loan interest rates likely comes under scrutiny again today at the Virginia General Assembly.

The House Committee on Commerce and Labor is expected to vote on a bill that would put a 36 percent cap on interest rates for payday loans.

The 36 percent cap was proposed yesterday by a bipartisan group of House leaders. They also proposed limiting loans to five per year and no more than one at a time, but allowing lenders to collect a 10 percent fee on loans, which are now restricted to no more than $500.