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New Law Caps Pay loan Interest Rates Charged to Military Personnel day

There are many businesses supplying payday loan in California than you will find McDonalds fast-food chains. Many of them come in low earnings communities and several are clustered around armed forces bases. In 2010 a brand new federal legislation goes into impact to cease these store front side loan providers from billing people of the military over 400-percent interest per year. And Ca lawmakers will endeavour to pass through a bill to place teeth into that legislation. KPBS Reporter Alison St John has more.

It’s after dark whenever 20 yr old Lance Corporal Andrew Lauk visits the lit that is brightly loan storefront on Oceanside’s primary road, a few kilometers through the front gate of Camp Pendleton. 继续阅读New Law Caps Pay loan Interest Rates Charged to Military Personnel day