Friday Needs And Wants: Undoing Cash Advance Regulations

Friday Needs And Wants: Undoing Cash Advance Regulations

Caffeinated news featuring pay day loans, fuel fees, housing, and criminal activity

1. I DO NOT that way regardless of the success of legislation passed in ’09 regulating pay day loans, both the state that is republican and Democratic state home have actually passed away bills away from committee this thirty days that could undo the existing guidelines (which limit loans at $700, limit interest at a maximum of 15 % from the first $500 with no more than 10 % regarding the remainder, and offer a “circuit breaker” to prevent borrowers from engaging in a period of financial obligation) by changing payday advances with something called “Installment Loans.”

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