Oklahoma is already a good marketplace for the pay day loan industry. The earlier State has a lot more than 300 payday stores, that may charge clients $45 on a two-week loan of $300.
However now the controversial industry is pressing a legislative measure that could make Oklahoma also friendlier territory. A bill passed away Thursday by hawaii Senate will allow loan providers to supply installment loans as high as one year at prices far greater than they could charge now, while leaving unchanged the principles for shorter-term payday advances. Continue reading “Payday loan providers push even for friendlier rules in Oklahoma”