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? Payday loans are only legal in 38 states. 12 states have already figured it out.
by astura 8y ago
?
Payday loans are only legal in 38 states. 12 states have already figured it out.
- Simulacra 8y agoNot that they're illegal in the other states, but upon closer inspection its states that still have small loan rate caps or usury laws. Further it's not that the payday loans themselves are illegal, it's that exorbitantly high interest rates on those loans are illegal. Big difference.