Home Commerce Committee Approves Brand Brand New Tools to handle Predatory Payday Lending

Home Commerce Committee Approves Brand Brand New Tools to handle Predatory Payday Lending

St. Paul, MN- Today, the home Commerce Committee authorized bipartisan legislation to deal with a harmful period of financial obligation brought on by predatory lending that is payday. Rep. Jim Davnie (DFL-Minneapolis) introduced HF 1501 , which may cap the attention price and fee that is annual pay day loans at 36%. […]

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