Cash loan chains eying Md.; General Assembly considering exemption from interest restrictions; ‘A good market’

Cash loan chains eying Md.; General Assembly considering exemption from interest restrictions; ‘A good market’

Nationwide lending that is payday are desperate to maneuver into Maryland since the General Assembly considers exempting organizations that are such the legislation that limits the interest rates allowed on consumer loans.

If legislators approve the alteration, it is likely to begin the doorway for the chains to put together store in Maryland and initiate making high-interest, short-term loans to customers which are borrowing against their next paycheck. Continue reading “Cash loan chains eying Md.; General Assembly considering exemption from interest restrictions; ‘A good market’”