Payday Lenders: It’s Time to Rein In Hawaii’s Loan Sharks

If perhaps you were broke and hopeless, possibly the minimum you may expect regarding the federal government is the fact that it couldn’t create your circumstances even worse. Yet this is certainly what their state has been doing for almost 16 years now through its laissez faire treatment of Hawaii’s burgeoning cash advance industry. As Civil Beat’s Anita Hofschneider reported previously this week, Hawaii has one of many nation’s most permissive lending that is payday, enabling businesses to charge a yearly portion price as high as 459 per cent, in... Read The Rest →