The payday lending industry might be entirely destroyed while the credit card industry would be significantly altered by a 15 percent rate cap.

The payday lending industry might be entirely destroyed while the credit card industry would be significantly altered by a 15 percent rate cap. The program would ban pay day loans “Payday” loans are basically short-term loans (the concept is you’re fronted a small amount of cash for per week or two until the next paycheck […]

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