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Ca on verge of capping prices on installment loans

Ca on verge of capping prices on installment loans

Ca lawmakers are poised to impose mortgage loan cap on consumer https://speedyloan.net/title-loans-or installment loans after forging a compromise with the help of advocacy teams and some lenders.

The legislation passed a key hurdle wednesday whenever the state Senate’s banking committee, which had killed another rate-cap measure a year ago, voted 6-0 to accept it. A few committee people whom voted and only the bill also indicated misgivings about this.

“This isn’t the perfect response.