Deleted user
posted 3 years ago
I recently watched an ad for Pay-Day-Loan that in the disclaimer specifically mentioned that they didn't provide their service in New York due to legal limits on interest rates. So I looked it up and found this page which suggests that while New York has a limit on interest charges of 16%, many other (majority) have a similar limit with many being 8-10%.
Are there any actual legal limits on US interest rates?
