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Congress thinks a 391% APR is a-okay

By Sarah Byrnes

Last week, the House Subcommittee on Financial Institutions and Consumer Credit held a hearing on H.R. 1214, the Payday Loan Reform Act.  AFFIL and our Partners are calling this the ?Payday Lender Protection Act.?  It?s the first bill that AFFIL has ever officially opposed (PDF link).  Unfortunately, the bill enjoys a lot of support and [...] Related posts:

• Payday loans only delay trouble
• Profits of a payday lender
• Congress doesn’t care about consumers


Full post as published by Caveat Emptor on April 09, 2009 (boomark / email).

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