Column: Pay-day loan providers, billing 460%, aren’t at the mercy of California’s usury laws
Column: Pay-day loan providers, billing 460%, aren’t at the mercy of California’s usury laws It’s a concern I have expected a lot: When the California’s usury laws claims a personal loan can’t features an yearly rate of interest of more than 10%, just how can payday lenders get away with rates topping eight hundred%? A …