13 Sep

Cash advance control and Update on mini dollars financing in Kansas

The Kansas Legislature set out its look at payday lending via 1991 appointment. During that time, the buyer financing Commissioner asked for procedures, pointing out an issue that test cashing for a charge have get a commonplace application in Kansas and was being done in a fashion breaking the Kansas Uniform credit laws (typically termed either the UCCC or rule). The unregulated organizations had been advancing dollars and agreeing to store a post-dated check for a specific, short time period and were gathering rates exceeding those authorized underneath the UCCC.

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