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The Regulation of Pay Day Loans as well as other High-Interest Credit Items

The Regulation of Pay Day Loans as well as other High-Interest Credit Items State regulation of payday loan providers changed significantly in the last few years. Although many states have strict usury laws and regulations that restrict the APR that is allowable of loans to well underneath the quantity this is certainly typically charged for payday advances, a lot of states have actually unique carve-outs for pay day loans. In addition, until 2005, payday loan providers could actually exploit a [...]

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