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Payday advances are short-term, little amount, higher level, unsecured signature loans. Payday financing is certainly not forbidden in Massachusetts. Yet what’s known as a «payday loan» is unlawful as a result of the high annual percentage rate charged. Any business or individual participating in small-dollar lending in Massachusetts must get yourself a permit through the […]
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Customer advocates praise latest payday bill that industry calls a killer Monday Realizing that efforts to locate a compromise between payday loan providers and customer advocates is near-impossible, Senate Republicans changed program Monday and rolled away consumer-friendly changes to an industry legislation bill this is certainly set for a Tuesday vote. Majority leaders had been […]
