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Fallin Vetoes High-Interest Loan Bill Pushed by National Payday Lenders

Fallin Vetoes High-Interest Loan Bill Pushed by National Payday Lenders

Gov. Mary Fallin vetoed a bill on Friday that could have developed that loan with a 204 % interest rate that is annual.

In her own veto message, Fallin had written that the balance, which reflects a push that is national the payday financing industry for comparable legislation, would payday loans Pennsylvania develop a high-interest item without limiting usage of other pay day loan services and products.