Based on the customer Federation of America, just 18 states ban or strictly control payday loans.
Based on the customer Federation of America, just 18 states ban or strictly control payday loans. nyc’s ban is amongst the country’s most challenging. If they’re made online or at a strip shopping center, loans with triple-digit APRs (annual percentage prices) violate their state’s 1976 usury law, which caps rates at 16 per cent. Their …