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There are no caps on annual interest rates on loans (though some states like California do have them). Advocates of the regulatory changes are cheering its passage and looking forward to when it goes into effect in 2019. Consumers, however, cannot take out these loans in tandem with other payday loans. So Now What?
There are no caps on annual interest rates on loans (though some states like California do have them). Advocates of the regulatory changes are cheering its passage and looking forward to when it goes into effect in 2019. Consumers, however, cannot take out these loans in tandem with other payday loans. So Now What?
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