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Column: Payday lenders, billing 460%, aren’t subject to California’s usury law

Column: Payday lenders, billing 460%, aren’t subject to California’s usury law It’s a concern I have expected a whole lot: If California’s usury legislation claims a loan that is personal have actually a yearly rate of interest of greater than 10%, just how do payday lenders break free with rates of interest topping 400%? lots …