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Well, as it says, there's no national law. However, the law followed is not the law where the borrower resides, but the law where the lender is headquartered. W
by s73ver_ 9y ago
Well, as it says, there's no national law. However, the law followed is not the law where the borrower resides, but the law where the lender is headquartered. Which is why so many of the payday lenders are headquartered in New Jersey and South Dakota; those states were willing to gut their consumer protection laws in order to lure jobs.