State Senator Alice Forgy Kerr is attempting setting the APR for payday loans in Kentucky just 36-percent.

State Senator Alice Forgy Kerr is attempting setting the APR for payday loans in Kentucky just 36-percent.

State Senator Alice Forgy Kerr is wanting to create the APR for cash advances in Kentucky at only 36-percent. If her proposal passes, it could suggest the shuttering of almost all advance loan lenders throughout the state. Though, there’s reason that is little expect Kentucky’s advance loan laws and regulations are likely to alter any time soon. Continue reading “State Senator Alice Forgy Kerr is attempting setting the APR for payday loans in Kentucky just 36-percent.”