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Legislative Negotiators Agree To End Payday Loans In Hawaii By 2022 - Honolulu Civil Beat The bill would replace the high-interest loans with installment loans that have lower fees. Reading time: 3 minutes. A bill to end payday loans in Hawaii and replace them with lower interest installment loans is on its way to the full House and Senate for a vote after legislative negotiators reached an agreement on the measure Tuesday afternoon. The final version of House Bill 1192 allows consumers to take out an installment loan as high as $1,500 with a 36% annual interest cap, Rep. Aaron Johanson said, adding that lenders can also charge a monthly fee up to $35 depending on the size of the loan.

United statesAaron johansonRosalyn bakerIris ikedaDepartment of commerceDollar financial groupDeposit insurance corpMaui loan incConsumer affairsHouse billPennsylvania based dollar financial groupMoney martPew charitableFederal deposit insuranceஒன்றுபட்டது மாநிலங்களில்ஆரோன் ஜோஹன்சன்