Learn discovers strong support that is continuing Southern Dakota’s capping customer loan prices at 36% interest

Learn discovers strong support that is continuing Southern Dakota’s capping customer loan prices at 36% interest

This report is a component for the Series on Financial Markets and Regulation and ended up being created by the Brookings focus on Regulation and Markets.

Michael Calhoun

President – Center for Responsible Lending

Charla Rios

Researcher – Center for Responsible Lending

Prior to passing of the resolution, payday advances of around $350 had been typically organized as two-week loans, due from the borrowers’ next payday. (suite…)

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