Could fed’s proposed curb on pay day loans weaken Georgia’s ban?
Could fed’s proposed curb on pay day loans weaken Georgia’s ban?
Customer advocates worry that a proposed federal guideline aimed at curbing expensive payday and vehicle name loans might undermine a Georgia law that produces numerous such loans unlawful.
The controversial loans have drawn plenty of scrutiny — and outright bans by Georgia and some other states — it hard for borrowers to pay them off because they often come with high fees and interest rates that can add up to more than 300 percent a year, making. […]
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