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Banks could replace payday loans following Colorado's overwhelming vote to cap interest rates
..But the need for payday lending is not likely to disappear..Prior to the passage of Proposition 111, payday loans were short-term loans up to $500 that did not require a credit check and the average APR, or annual percentage rate, on these loans in.. Read more…
• Wonga to automate compensation claims
• Is it Real to get Payday Loans for Unemployed Single Mothers and Pensioners?
• Banks could replace payday loans following Colorado's overwhelming vote to cap interest rates
• Alternatives expected to sprout up now that Colorado payday lenders are capped
• Advance pay service may reduce use of payday loans
• Stefanowski's company lobbied for high-interest loans while he was CEO
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