Sentences with phrase «prohibit outrageous interest»

And though the state does have strict lending regulations that prohibit outrageous interest rates, high lending fees, and other predatory lending practices, residents are encouraged to carefully research rates and loan terms prior to making any type of loan purchase.

Not exact matches

These new regulations, which are all good laws BTW, intent to protect consumers by prohibiting banks from imposing arbitrary high interest rates on credit cards and charging outrageous bank fees.