Why a 36% Cap is simply too Low for Small-Dollar Loans The federal government recently announced regulations that are new increase the Military Lending Act of 2006. The MLA caps pay day loans to army workers at a 36% apr. How come we trust our volunteers into the military to produce life or death choices,...
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brand New Mexico Senate passes bill to cut back limit on small-loan interest levels Legislation aimed to rein in exactly what experts call predatory financing passed their state Senate after having a tense two-hour debate Monday that sparked accusations of untruths and assertions the bill’s sponsors are oblivious towards the tough realities confronted with individuals...