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cash1 loans payday loans near me

Dear Congress: get rid of the rent-a-bank ruse

Dear Congress: get rid of the rent-a-bank ruse

The present push by payday lenders in an attempt to outflank state guidelines is but one explanation Congress has to work on a fresh proposition that could cap interest levels at 36%.

Contemporary payday lenders — providing the credit that is high-interest happens to be called today’s loan sharking and therefore were only available in the 1990s — have found techniques to circumvent state rules that prohibit or restrict exorbitant interest levels, sometimes rates outstripping 500%.

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cash1 loans payday loans near me

Over these circumstances, loans without credit checks seem like the optimum solution.

Over these circumstances, loans without credit checks seem like the optimum solution.

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