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An insurance plan difference in Rhode Island that reduced the hat on pay day loan finance interest rates from 15per cent

An insurance plan difference in Rhode Island that reduced the hat on pay day loan finance interest rates from 15per cent Financing Treatments 260% APR) to safeguard customers have led to additional debts and traditional. Research circulated into the diary of consumer banking and fund explores consumer response to the interest rate alter and found that lowering the interest cover enhanced the quantity of debtors (30-34%), the number of…

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