A bill passed the lower chamber that would render useless state laws in the majority of states, including the 15 states and the District of Columbia where state interest rate limits prevent payday lending. (sflcn.com)
For example, payday lending is illegal in Texas, but the state has the highest number of rent - a-bank shops in the country, collecting fees in excess of the triple - digit interest rate limit set by state law. (americanbar.org)
In terms of the rates, we found Regions Bank's upper interest rate limits to be lower than those offered by most competitors. (valuepenguin.com)