Don’t restrict open-ended credit
Virginia legislators, you ARE tyrants! (Image via Wikipedia)
Why? Because the results inevitably remove competitive price regulation from the payday loans and short-term lending arena. This lack of competition inevitably harms the financial well-being of consumers in that it makes it more difficult to obtain quick payday loans, [...]
The Battle Has Ended Sadly for Payday Loans Lenders in New Hampshire.
New Hampshire’s Banking Commissioner has denied the request of payday loans lenders to charge 365% on open-ended lines of credit.
The South Carolina lender Advance America Cash Advance was fighting the the law that passed 8 day ago in New [...]