Mortgages and Stocks
Why are subprime mortgages causing such turmoil on Wall Street. KRON4’s Maureen Kelly explains.
RICHMOND, Va. — Some of the nation’s most sweeping reforms on payday lenders will take effect in Virginia Thursday, but some short-term, high-interest lenders are getting around the new law by offering different types of loans.
Some of the nation’s most sweeping payday lending reforms will take effect in Virginia. Already, some lenders are getting around the new law by offering different types of loans.
A payday lender that says it can’t make enough money under a new interest rate cap in New Hampshire now wants the banking commissioner’s permission to change its loan offerings — but not the high rates it charges.