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Can consumer loans ever be so expensive they break the law?

Source: James Rufus Koren - L.A. Times (Paid Registration)

California’s high court has ruled that interest rates on consumer loans can be so high that they become “unconscionable” and, therefore, illegal — a decision that could call into question the validity of millions of loans and upend the state’s subprime lending market.

Read Full Article: Can consumer loans ever be so expensive they break the law?

 
 
 

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