Payday Lending, by the (Shocking) Numbers
Filene
AUGUST 18, 2016
According to Wisconsin state statute, the maximum finance charge and APR for a 14-day, $100 loan is…wait for it…limitless. billion, that’s with a capital “B”illion. Speaking of out of control, in my home state of Wisconsin, there are no meaningful limits on payday lending: Maximum Loan Amount.
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