NEWS: Alaska Legislature Passes Bill to End Predatory Payday Lending Practices
JUNEAU, AK — Today, the Alaska Legislature passed Senate Bill 39, which caps interest rates on payday loans at 36% APR, the same rate applied to other consumer loans in Alaska. The legislation, sponsored by Senator Forrest Dunbar, D-Anchorage, in the Senate and Representative Ted Eischeid, D-Anchorage, in the House, closes a special exemption in […]
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