Delegate aims to rein in ‘predatory loans,’ to no avail.Correction: CNS-Predatory Loans tale

RICHMOND, Va. (AP) — A VCU Capital Information provider tale posted Feb. 20 by The Associated Press about a bill to create a limit on high-interest loans mistakenly reported the annual interest price for a $1,000 loan by CashNetUSA. At an interest that is annual of 299 %, in accordance with monthly premiums of $268, the yearly interest could be $2,213, maybe maybe not $15,000 after twelve...
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