Let's say you take out a $1,000 payday loan with a $15 fee per $100 borrowed. That means you'll owe $150 in fees alone, and you'll be expected to repay the full $1,000 principal plus that $150 ...

If Senate Bill 39 isn't vetoed, it would remove payday lenders from an exemption in state lending laws and cap interest rates and fees for loans of $25,000 or less. Search Query Show Search PBS Shows ...