Payday loans make up an essential part of the short-term credit industry, providing a crucial service to millions of hardworking consumers across the country. Even so, state legislatures continue to amend payday loan regulations. Here, you will find articles and helpful information about payday loan politics and news affecting the industry at large.
A bill in congress aims at capping the APR rate at 36% on fees and interest charged by a lender. There are some people who think that the rates are often hidden and that they hurt individuals who can’t afford it.
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