payday loans san angelo tx

Let me make it clear about Payday company’s bank buy criticized

Posted by on Feb 17, 2021 in payday loans san angelo tx | Comments Off on Let me make it clear about Payday company’s bank buy criticized

Let me make it clear about Payday company’s bank buy criticized

The proposed acquisition of a little Illinois bank by one of several nation’s biggest payday lending organizations may lead to sky-high rates of interest in states that cap just what lenders may charge, customer advocates state.

They think CNG Financial Corp. of Mason, Ohio, would like to make use of appropriate loopholes that enable banking institutions in a few states, including Illinois, to obtain around interest-rate caps in other states.