California has reformed customer loan rates of interest. But will lenders find loopholes?
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To sum up
Tom Dresslar, previous Deputy Commissioner during the California Department of company Oversight: the individuals of California, through their legislature and governor, simply chose to end a decades-long, unbridled fleecing of an incredible number of the state’s borrowers. Some predatory loan providers, nevertheless, may introduce a scheme that may, because of their organizations, efficiently overturn that sovereign choice.
