Column: Payday loan providers, recharging 460%, aren’t subject to California’s usury law

Column: Payday loan providers, recharging 460%, aren’t subject to California’s usury law It’s a concern I have expected a great deal: If California’s usury legislation claims a unsecured loan can’t have actually a yearly rate of interest in excess of 10%, just how can payday lenders break free with interest levels topping 400%? an amount of visitors arrived after I …