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Column: Pay check loan providers, recharging 460%, aren’t subject to California’s usury rules

Column: Pay check loan providers, recharging 460%, aren’t subject to California’s usury rules It’s a concern I get requested much: If the California’s usury law states an unsecured loan can’t has a keen annual rate of interest of greater than 10%, just how do payday lenders get away with rates of interest topping 400%? Plenty […]

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