Feds target predatory loan providers to business that is small but Pennsylvania continues to be a haven for the industry
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Final summer time, Philadelphia attorney Shane Heskin told Congress that Pennsylvania has robust regulations to avoid customers from being gouged on loans вЂ” but none protecting business people.
вЂњConsumers have actually rules protecting them from usurious rates of interest,вЂќ he said. вЂњBut for small enterprises, those protection guidelines donвЂ™t apply at all.вЂќ
Heskin defends companies in court whom get fast funds from exactly exactly just exactly what he argues are merchant that is deeply predatory advanceвЂќ lenders. Read More