Rate of interest caps harm consumers. Lawmakers in Virginia appear poised to “fix” an elusive “predatory lending problem.”

Rate of interest caps harm consumers. Lawmakers in Virginia appear poised to “fix” an elusive “predatory lending problem.” Lawmakers in Virginia appear poised to “fix” an elusive “predatory lending problem.” Their focus could be the small-dollar loan market that allegedly teems with “outrageous” interest levels. Bills before the construction would impose a 36 % rate …