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new law just voted on in Montana

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:confused:they voted on a bill that would cut interest rates to payday loans. The voters approved this bill so does this send a signal to the other states who do not have a bill limiting the interest rates. They want to cap the interest rates at 36% way to go Montana. Hope the other states follow suit and cap the interest rates. :confused:

Basically the same thing happened in Ohio, so the lenders started issuing short term loans so they wouldn't be required to follow the payday loan laws. It's a double edged sword.

Sub: #1 posted on Wed, 11/03/2010 - 07:27

Shazzers Shazzers
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