Monday, December 9, 2019

Federal lawmakers aim to reduce payday loan rates from 400% interest to 36%

Tens of millions of Americans are turning to high-cost loans that routinely carry interest rates of more than 400% for everyday expenses, such as paying their bills and covering emergency expenses. For many, those rates end up being just too high and lead to a seemingly endless debt cycle. But that may soon change. This…Read More



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via Blog – Catholic Conference of Oklahoma