cap interest rates charged by consumer finance companies at 99 percent on loans under $4,000 and 36 percent on loans above that amount.
payday loans will be limited to $15.50 for every $100 borrowed over a two-week period. …will not be allowed to issue pay day loans if monthly payments will exceed 25 percent of a person’s gross monthly income.
Click on the following for more details: Law caps payday, car-title loan interest rates - Galesburg, IL - The Register-Mail
No comments:
Post a Comment