Friday, 15 April 2016

Chancery Court judge strikes down payday loan

Consumer advocates in Delaware have been fighting to regulate the state's payday loan industry, which for years has been known for charging triple-digit interest rates. But a March 14 Court of Chancery ruling against payday loan company National Financial LLC has advocates saying a change could be coming. "In this case, there are obvious indications of unfairness," writes Vice Chancellor J. Travis Laster in his ...
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