Kenosha County board backs limits on payday and predatory lending
The county board passed a resolution supporting measures to curb predatory payday lending and urged establishment of a 36% maximum interest rate, citing local examples of loans charging several hundreds of percent APR.
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The Kenosha County Board approved Resolution 40 urging action on predatory consumer-lending practices, including support for a 36% maximum interest rate consistent with federal guidance.
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