Let me make it clear about Stern warnings to loan providers mulling end run around Ca price caps

Policymakers both in Washington and Sacramento issued a stern caution this week to high-cost loan providers that aspire to evade a unique limit on customer interest levels in Ca: never also think of partnering with banking institutions. A recently enacted Ca legislation establishes an interest rate limit of approximately 36% for a group of installment loans that formerly had no ceiling that is...
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