Senator Dick Durbin. Almost 12 million Us americans utilize pay day loans each incurring more than $8 billion in fees year

Senator Dick Durbin. Almost 12 million Us americans utilize pay day loans each incurring more than $8 billion in fees year Legislation would cap rates of interest and charges at 36 per cent for several credit rating deals WASHINGTON – U.S. Senate Democratic Whip Dick Durbin (D-IL) today introduced the Protecting customers from Unreasonable Credit... » read more

Supporters of pay day loan limits point out new information

Supporters of pay day loan limits point out new information Advocates for payday loan reform utilized the report at a residence Commerce Committee hearing to straight straight straight back Rep. Ted James’ proposition to cap loans that are payday yearly rate of interest at 36 per cent. They argued the report shows exactly just just... » read more