Consumer Groups Assisted Delay A Bill That Will Hike Pay Day Loans By 369 Per Cent

• Bill would raise allowable rates of interest to 369 %
• Loan providers falsely claim the bill is really a “consumer protection law”
• Predatory lending prohibited in 17 states as well as on army bases

Army of Lobbyists

A bill that passed the Pennsylvania state home early in the day this month that could improve the permissible percentage that is annual on little loans to 369 % is supposed to be held into the state senate before the next legislative session into the autumn, based on activists fighting from the bill. Leia o resto deste post »