just How are yearly Percentage prices (APRs) of 500per cent or even more legal?

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just How are yearly Percentage prices (APRs) of 500per cent or even more legal? Usury defenses within the Texas Constitution prohibit loan providers from charging significantly more than 10% interest unless the Texas Legislature especially authorizes a greater price. Payday and car name organizations have discovered an easy method all over constitutional protections by exploiting […]