Federal Proposals Would remove Payday Loan Rate Caps in 16 States and D.C.

Federal Proposals Would remove Payday Loan Rate Caps in 16 States and D.C. For many people whom either work, enjoy retirement or any other fixed advantages, it would appear that your hard earned money constantly goes much faster than it comes down. Though some economists marvel at Wall Street’s brisk trading and declare that the economy is preferable to ever, …

Loan providers call the bill, sponsored by Koehler, R-Springfield, unworkable and predict it will place them away from business.

Loan providers call the bill, sponsored by Koehler, R-Springfield, unworkable and predict it will place them away from business. The referendum was thought to be a win for consumers at the time. Except, no loan providers are certified under that legislation. Rather, loan providers sidestepped the legislation through getting licenses to work as credit solution companies, which do not face …