The limit is 60%. Given the circumstance in which the payday lenders operate, the limit simply doesn't seem to be a realistic one for them to operate under.
On December 12th, 2006. See this statement in context.
On December 12th, 2006. See this statement in context.
December 12th, 2006 / 4:05 p.m.
Senior Counsel, Criminal Law Policy Section, Department of Justice
The limit is 60%. Given the circumstance in which the payday lenders operate, the limit simply doesn't seem to be a realistic one for them to operate under.
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