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Senate proposal would cap pay day loan interest rates at 36% wilx.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wilx.com Daily Mail and Mail on Sunday newspapers.
Payday loan industry targeted by Michigan lawmakers | Crain's Detroit Business crainsdetroit.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainsdetroit.com Daily Mail and Mail on Sunday newspapers.
In Michigan, there are some guardrails surrounding payday loans and lenders, which provide quick cash at high interest rates for short terms. What there isn’t, however, is a good scope of lender prevalence. New legislation seeks to collect statewide statistics. ....