OKLAHOMA CITY (7 February 2017) – “Predatory” lenders imposing “unfair and abusive” loan terms on “people whom feeling as if they’ve nowhere to turn” led to a bill by way of a first-term legislator to slash the attention rates on alleged loans” that is“payday.
A loan provider “shall not charge a annual percentage rate higher than 60%” for just about any loan issued “pursuant to the Deferred Deposit financing work,” decrees home Bill 1404 by state Rep.
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