Category : payday alternative loans

Home chairwoman backs rate of interest cap on pay day loans The chairwoman associated with the House Financial solutions Committee stated she intends to advance a bipartisan bill to impose a strict restriction on interest levels whenever Congress reconvenes year that is next. Under federal legislation, loan providers are banned from providing loans to active-duty armed forces users with interest levels greater than 36 %. Nevertheless the bill, spearheaded by 16 Democrats plus one Republican, would expand that security to […]