Archive for September, 2010

New caps on payday loan interest rates

September 30th, 2010

Under new rules, payday lenders won’t be able to charge more than 99 percent interest for the most expensive loans. Josh Lederman has more on how this will affect short term borrowers. Medill News Service/Northwestern News Network Related PostsPayday Loans Pros and ConsPayday Loans Pros and Cons Payday loans have pros and cons, just like [...]