Three States Allow Lower-Cost Payday Lending

Three States Allow Lower-Cost Payday Lending Little loans guaranteed by usage of the borrower’s bank-account is authorized in three states at lower than typical prices. Maine caps interest at 30 % but allows tiered fees that result in as much as 261 percentage rates that are annual a two-week $250 loan. Oregon allows a one-month minimal term payday loan at 36 percent interest less a ten dollars per $100 lent


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