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Alabama

PdxSean

(574 posts)

1. Attorney fees capped at 15% of the loan.

Reply to TexasTowelie (Original post)

Mon May 15, 2017, 04:33 AM

May 2017

Thus making it impractical for consumer law attorneys to represent borrowers. Between such caps, arbitration clauses, and anti-class action legislation, borrowers will be sitting ducks.

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Payday Loan Legislation gets favorable report [View all] TexasTowelie May 2017 OP

Attorney fees capped at 15% of the loan. PdxSean May 2017 #1

Hopefully that refers to charges the "lender" can add to the loan amount. Hoyt May 2017 #2