Column: Payday loan providers, recharging 460%, are not susceptible to California’s usury law

Column: Payday loan providers, recharging 460%, are not susceptible to California’s usury law It is a concern I have expected a great deal: If California’s usury legislation states a personal bank loan can not have a yearly interest of greater than 10%, how can payday lenders break free with interest levels topping 400%? an amount …

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