The Hawaii Senate voted last week to limit payday loan annual interest rates to 36 percent, down from the current allowable annual rate of 459 percent. Senate Bill 286 is supported by the state Office of Consumer Protection and numerous organizations that say the high rates are predatory and force some Hawaii residents into a cycle of […]
The post Will House Allow Payday Lenders To Keep Charging 459 Percent Interest? appeared first on Honolulu Civil Beat.