A report that is new today by Iowa CCI national ally National PeopleвЂ™s Action has some alarming data for Iowa.
The report reveals that
- capping pay day loan interest prices at 36 % would save yourself Iowans over $36 million each year. (ThatвЂ™s $36 MILLION this is certainly being stripped away from our economy that is local!
- you will find 220 payday loan providers in Iowa. (There are many more payday financing stores than you will find McDonaldвЂ™s in Iowa!)
- nearly 1 / 2 of all certified lenders that are payday Iowa happen financed by big banking institutions. [Read more…]