Customer advocates say all this recommends one solution: a federal limit on nonbank consumer financing

Customer advocates say all this recommends one solution: a federal limit on nonbank consumer financing

Such as the one that went into impact for solution users in 2007. President Obama promised to do this during their 2008 campaign, and Senator Dick Durbin introduced bills in 2008 and 2009 that will have produced a 36 per cent cap, a come back to earlier in the day usury rules. Advance America is dull about how precisely that will affect its business. “A federal legislation that imposes a nationwide limit on our costs and interest would probably eradicate our power to carry on our present operations, ” declares its 2010 report that is annual. Continue reading “Customer advocates say all this recommends one solution: a federal limit on nonbank consumer financing”