Some lenders that are online 900% interest and ignore Virginia legislation. So borrowers are suing.
fefprint10A loose-knit group of Virginians, stung by triple-digit interest levels on payday as well as other loans, is wanting to accomplish just what the overall Assembly won’t — make sure all loan providers, including on line people, follow Virginia guidelines. They’ve alleged lenders are hiding behind Native American tribal governments in order to get around […]