New legislation may raise interest rates on small consumer loans
News 13 Monday 10th October, 2011
TALLAHASSEE -- New legislation may raise interest rates on small consumer loans, the vast majority of which are doled out by payday loan-type operations. The bill would raise the maximum interest rate on a typical $3,000 loan from 28 to 30 percent. That may not sound like much, but for folks who frequently take out small loans, the extra interes...

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