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THE TYPICAL CASH ADVANCE APR IS 391%. Policy choices

THE TYPICAL CASH ADVANCE APR IS 391%. Policy choices One policy solution for handling high-cost, small-dollar loans – including payday advances – is just to cap the annual percentage rate (APR) at a far more amount that is consumer-friendly. Predatory lenders have actually historically centered on small-dollar, short-term loans – like payday advances – so

We have an inquiry or problem about my bank Financial Regulation

We have an inquiry or problem about my bank Financial Regulation Any office associated with the Commissioner of Financial Regulation („Commissioner”) supervises Maryland’s state chartered banking institutions and will not have authority over those who are federally chartered or chartered by another state. Before filing a complaint or inquiry, please view the Institutions We Supervise.