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· Second, the proposed legislation would turn roughly 30,000 post offices into providers of low-cost basic financial services, including checking accounts, savings accounts and some loans.
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"Loan Shark Prevention Act is only two pages long. It includes language that would prevent lenders from adding fees to "evade" the interest rate cap and sets penalties for violators, including a forfeiture of all interest on the illegal loans." It’s Alexandria Ocasio-Cortez’s first bill jointly with Bernie Sanders.
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Finance from loan sharks comes with some pretty big strings attached, including high interest rates and high fees, so it’s crucial for your financial health that you avoid these lenders at all.
Based on that, here’s what you can expect: 760-850: You’re golden and will get the best interest rates on loans. 710-760. 580 and below: Brace for denial and/or loan-shark rates. What Factors in to.
The 32-count indictment, unsealed yesterday in Queens Supreme Court, charges 12 men – seven over the age of 70 – with enterprise corruption. $10,000 and $20,000 loans – demanding $250 weekly.
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