Aspiring lenders have long made an effort to evade condition usury guidelines making use of alleged rent-a-bank programs: An out-of-state bank, which need not adhere to monthly interest limits through the payday bank county, acts as a forward for its organization which actually behind a high-interest money it cann’t lawfully making itself. Continue reading “Such programs were typical about two decades ago but were generally regulated away in the early 2000s.”
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