Payday Lenders Fight Against Ny and a Point is had by them
Earlier in the day this in my piece about UniBul’s merchant account solution for payday lenders, I mentioned the attack that New York’s Attorney General Eric Schneiderman had launched against payday lenders operating in his state week. Schneiderman charged certainly one of them — Western Sky Financial, which can be operated because of the Cheyenne River Sioux Tribe — with levying exceptionally high rates of interest of significantly more than 300 %, in breach of brand new York state legislation, which caps interest at 25 %. In response, that loan […]