Exactly why are pay day loans restricted in nj-new jersey?

Exactly why are pay day loans restricted in nj-new jersey? The attention prices they charge (APR over 400%) significantly surpass nj’s usury lawful restrictions which restrict the rates to 30%. 3 Nj-new jersey banking rules do not let money a postdated check. You may additionally compare pay day loans in nearby states: Installment Loans in…

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