SALEM – whenever extrapolated over per year’s time, the mortgage prices charged by payday loan providers in Oregon

SALEM – whenever extrapolated over per year’s time, the mortgage prices charged by payday loan providers in Oregon

Lawmakers now questioning ethics in loaning

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average a lot more than 500 per cent.

As well as the niche industry keeps growing quickly – a representation of increasing need for short-term loans as well as a public that is overextended.

But saying those prices will be the equivalent of legalized loan sharks, customer advocates are mounting force on lawmakers to cap those prices. Continue reading “SALEM – whenever extrapolated over per year’s time, the mortgage prices charged by payday loan providers in Oregon”