• Bill would raise allowable rates of interest to 369 per cent
• Creditors falsely claim the balance is really a “consumer protection law”
• Predatory financing prohibited in 17 states as well as on army bases

Army of Lobbyists

A bill that passed the Pennsylvania state home earlier in the day this month that could enhance the permissible percentage that is annual on tiny loans to 369 per cent will likely be held within the state senate before the next legislative session within the autumn, in accordance with activists fighting up against the bill. (more…)