Column: Payday loan providers, asking 460%, aren’t subject to California’s usury law

January 20, 2020

Column: Payday loan providers, asking 460%, aren’t subject to California’s usury law It’s a concern I have expected a whole lot: If California’s usury legislation claims a personal bank loan can’t have actually a yearly rate of interest of greater than 10%, how can payday lenders escape with rates of interest topping 400%? a wide…
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