Category : Unsecured Payday Loans
Gov. Mary Fallin vetoed a bill on Friday that could have developed that loan by having a 204 % yearly interest.
In her own veto message, Fallin had written that the balance, which reflects a push that is national the payday financing industry for similar legislation, would produce a high-interest item without restricting usage of other pay day loan services and products.
“In reality, i really believe that a number of the loans developed by this bill could be HIGHER PRICED than the loan that is current,” she had written.