Other states took firmer actions in the last few years to reduce predatory lending.

Other states took firmer actions in the last few years to reduce predatory lending. Nyc forbids payday lending through criminal usury statutes, which outlaw loan interest of 25 % or even more. Arkansas’s state constitution caps prices at 17 percent. Almost every other states which have a ceiling restriction lenders to 36 per cent. “(Ca) […]