Rate of interest caps harm customers Lawmakers in Virginia appear poised to “fix” an elusive “predatory lending problem. ”

Lawmakers in Virginia appear poised to “fix” an elusive “predatory lending problem. ” Their focus could be the small-dollar loan market that presumably teems with “outrageous” interest levels. Bills before the construction would impose a 36 per cent rate of interest limit and alter the market-determined nature of small-dollar loans.

Other state legislators in the united states have actually passed away restrictions that are similar. 続きを読む