Bill would limit consumer lending

Bill would limit consumer lending

Alaska legislators are considering a bill that would cap interest rates on loans under $25,000.  Supporters of SB 39 say it would protect consumers from predatory lending by capping payday loans that meet the threshold at annual percentage rates of 36 percent. However, critics warn that it could undermine smaller, short-term lending. In 2019, Congress […] The post Bill would limit consumer lending appeared first on Must Read Alaska.