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Payday Lenders: It’s Time to Rein In Hawaii’s Loan Sharks

22 enero 2020 | No Comments | kubo

Payday Lenders: It’s Time to Rein In Hawaii’s Loan Sharks

That it wouldn’t help to make your situation worse if you were broke and desperate, perhaps the least you might expect of the government is. useful content Yet that is precisely what hawaii did for almost 16 years now through its laissez faire treatment of Hawaii’s burgeoning pay day loan industry.

As Civil Beat’s Anita Hofschneider reported earlier in the day this week, Hawaii has among the nation’s most permissive payday financing guidelines, allowing businesses to charge a yearly portion rate all the way to 459 %, based on an analysis done about ten years ago because of their state Auditor.

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