Sharkie would be proud of New Hampshire for holding strong against the predatory lending lobby. This week Governor Lynch vetoed a bill that would have allowed for interest rate caps of 25% per month. New Hampshire currently caps interest rates on car title loans at 36% APR. In the Governor's veto message, he recognizes that car title loans with 300% ARP interest rates would be detrimental to families, communities and the economy. Hear, hear!
View the whole press release here.
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