Comment of the Day
May 27, 2010 | federal legislation, industry | Comments (1)I believe that the States which cap APR%’s and fees at 36% should put THEIR money where their mouth is! If 36% is actually enough to run a business on, then the State should be required to open up “X” amount of State funded short-term loan centers which operate within of their own restrictive legislation. Then we’ll see how impossible it is to lend out $100 for a mere $1.38 and keep the doors open!
Comments»
In addition to the new State loan stores, they should summarily close all State lotteries, which is nothing but a senseless tax on the poor.