Wisconsin has to rein in payday loan clothes

Wisconsin has to rein in payday loan clothes

I was excited when I heard that state Rep. Gordon Hintz, a Democrat from Oshkosh, was introducing a bill to cap the interest on payday loans at 36. Finally, I was thinking, some body is performing one thing about that industry that is unchecked.

Wisconsin’s shortage of legislation has generated yearly interest levels greater than 500%, and way too many tales of down-on-their-luck individuals struggling to spend their loans back. Continue reading “Wisconsin has to rein in payday loan clothes”