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The Indy describes: Lawmakers push for extra guidelines on high-interest pay day loans

The Indy describes: Lawmakers push for extra guidelines on high-interest pay day loans

Although the quantity seems outrageously high to anyone familiar with normal banking institutions and loans, that three-digit rate of interest is truly the normal quantity charged on “payday loans” — the high-interest, short term installment loans which are controlled although not capped under state legislation.Read More