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How is 161 Percent Interest Legal Despite 36 Percent Cap? – "They said, You’re approved for $1,300. "It was 161 percent APR," Aponte said. The California Department of Business Oversight told NBC Bay Area state law caps interest on small loans around 36.

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Costa Rica repays central bank for loan following tax reform – Earlier this month, the Central American country’s legislative assembly approved a package of tax increases and fiscal measures, which had triggered protests from some government workers. “We are.

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Mortgage Loan Administration Obama administration pushes banks to make home loans to people with weaker credit – Obama unveiled a $75 billion foreclosure prevention program to help as many as 9 million homeowners obtain affordable mortgages. Ross D. Franklin/AP The Obama administration is engaged in a broad push.

Newburgh Heights will pay off student loan debt for home buyers – Village council on Tuesday approved legislation on a student loan assistance. The program will pay out 80 percent of student loans after 10 years of residency and 100 percent after 15 years. Money.