Center for Responsible Lending: Poll Finds Broad, Bipartisan Support for Lowering Payday Loan Interest Rates From 260% to 36% in Rhode Island
February 18, 2022
February 18, 2022
PROVIDENCE, Rhode Island, Feb. 18 (TNSRes) -- The Center for Responsible Lending issued the following news release:
After State Senator Ana Quezada and cosponsors introduced S2166 last week, a bill that would cap payday loans at 36% annually by repealing authorization for their triple-digit annual interest rates, the Center for Responsible Lending, The Economic Progress Institute and Capital Good Fund released a poll showing broad support for such a measure.
Rhode Islan . . .
After State Senator Ana Quezada and cosponsors introduced S2166 last week, a bill that would cap payday loans at 36% annually by repealing authorization for their triple-digit annual interest rates, the Center for Responsible Lending, The Economic Progress Institute and Capital Good Fund released a poll showing broad support for such a measure.
Rhode Islan . . .