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Bill Would Decrease Yearly Interest for Payday Advances

Bill Would Decrease Yearly Interest for Payday Advances A Hawaii home committee that addresses consumer security problems is scheduled to vote Wednesday for a bill targeted at reining in Hawaii’s payday lending industry which presently may charge as much as 459 % in interest every year. Jon Shindo, a case that is former at a Waipahu crisis homeless shelter, testified he supports the balance in component as the excessive charges prevented two of their homeless consumers from affording lease. “I’d to see the terms and…

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