Metropolis Council Discusses Potential Ordinance Regulating Payday Mortgage Lenders

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Fifteen states don’t permit payday mortgage storefronts at all or cap rates at 36% APR or less, eight states have payday loan storefronts however present some stage of regulation, and 28 states basically provide no protections in any respect. One of many key issues often discussed in state legislators is whether or not banning payday mortgage storefronts leads debtors to obtain loans from online payday lenders.payday loan leads usa

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