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Proposed Federal Rule Will Undercut State Lending Protections, AGs Warn

Posted by / March 20, 2021 / Categories: bad credit personal loans guaranteed approval direct lenders / -

Proposed Federal Rule Will Undercut State Lending Protections, AGs Warn

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Linking state and government that is local

The solicitors basic are involved about a method that high-cost lenders may use to obtain around state rate of interest caps.

A small grouping of two dozen mostly Democratic lawyers basic are voicing strong opposition to a proposed federal guideline they state would provide “payday” as well as other high-cost loan providers with ways to evade state laws capping rates of interest. Continue reading →