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Of this 44 states whoever lending that is non-bank specifically enable open-end credit

14 states don't cap rates for a $500 advance loan and 16 are not able to cap prices for the $2000 advance. 14 states have actually price caps but do not have unambiguous, airtight caps on the costs that loan providers can impose for the $500 cash loan, and 13 fall under this category for the $2000 advance. For the $500 cash loan, 4 states cap the APR that is full 36per cent or less,…