Interest Rates in Excess of 4000%?!?

Photo by Frank Busch on Unsplash

It seems a darling of the fintech lending industry is being taken to task by the Connecticut Banking Commissioner for lending money at effective APRs in excess of 4000% — yes, you read that right.

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Andy Spears

Andy Spears

Writer and policy advocate living in Nashville, TN —Public Policy Ph.D. — writes on education policy, consumer affairs, and more . . .