Tennessee action today
March 23, 2010 | Tennessee, industry, research | Comments (0)Haven’t heard much about this, but we’ll keep an eye on it. From the story:
Today, legislators in the Tennessee House Utilities and Banking subcommittee will have the chance to stand up for working men and women in Tennessee by saying 100 percent APR is enough for predatory payday lenders.
A 100% APR equals a $3.84 fee. In other words, it’s a ban.
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