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Finance committee proposes 20% interest cap on pay day loans

Finance committee proposes 20% interest cap on pay day loans

Earlier in the day this the finance ministry put forward a bill to place a 30 percent cap on interest rates on quick loans month.

Finland’s Finance Committee stated it desires lawmakers to take into account whether customer usage of alleged payday advances is really necessary or appropriate. The committee proposed a few measures to help deal with dilemmas associated with the quick loans that carry high interest levels and charges, an additional try to cope with the major dangers and conditions that payday advances can pose.

Among...

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Yuletide season simply across the cornerNeed supplemental income?

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