Column: Payday loan providers, billing 460%, are not susceptible to Ca’s usury legislation
Column: Payday loan providers, billing 460%, are not susceptible to Ca’s usury legislation It is a concern I have expected a great deal: If California’s usury legislation claims a unsecured loan can not have an annual interest of a lot more than 10%, just how do payday lenders escape with rates of interest topping 400%?…