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Column: Payday loan providers, asking 460%, aren’t subject to California’s usury law

Column: Payday loan providers, asking 460%, aren’t subject to California’s usury law It’s a concern I have asked a great deal: If California’s usury legislation claims a loan that is personal have actually a yearly interest of significantly more than 10%, just how do payday lenders escape with interest levels topping 400%? a quantity of …

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