Back to PAYDAYLOAN News ListNation s Capital Kicks Out Payday LendersForbes - WASHINGTON, Sept. 18 /PRNewswire-USNewswire/ -- In a powerful move to protect Washington, DC citizens from predatory payday lenders, the District of Columbia Council removed an exemption from the District's 24 percent cap on annual interest for ... Source:
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A payday loan or paycheck advance is a small, short-term loan (typically up to $1,500 in the U.S.) that is intended to bridge the borrower's cash flow gap between paydays. |