Tag Archives: high interest rate

Payday Lending Questions Answered

The Kentucky Baptist Convention recently approved a resolution call for the General Assembly to limit the annual interest rate on “payday” type loans to 36 percent. The following answers some of the frequently asked questions about payday lending and about why a cap is needed. The material has been provided by the Center for Responsible […]

Posted in Payday Lending, Uncategorized | Also tagged , , , , , , , , , , | Leave a comment