Pay day loans: Can Washington make them less predatory?
But that’s exactly the possibility that lies ahead under new rules that are federal Thursday. The pay day loan industry is dealing with a dramatic consolidation.
The aim is to control lending that is predatory. Cash advance stores charge annualized prices of 400 per cent or higher for short-term loans, and states that are many stepped in to cap the prices the shops may charge. Continue reading «Pay day loans: Can Washington make them less predatory?»
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