LEX 18 Investigates: Payday Interest Rates

LEX 18 Investigates: Payday Interest Rates
After 26 weeks, the interest rate is 391%. The interest rate and fees cost cheryl $ 3,600 a year. Cheryl paid off the loans once a year with her tax check.State Senator Alice Forgy Kerr has proposed legislation to capped interest rates at 36%."That bill …
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Riksbank Goes Deeper Into Negative as Greece Pressures Krona
Sweden's central bank lowered its main interest rate deeper into negative levels and expanded its bond purchases to the end of the year as the turmoil in Greece raises the specter of further krona gains. The repo rate was cut to minus 0.35 percent from …
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