Iowa payday creditors beware: unique policies are arriving A year ago, Iowa’s payday creditors distributed about $220 million in brief personal loans — getting a normal annual interest rate of greater than 260 %. Naysayers whine that those sky-high rates of interest happen to be proof Iowa’s lax loaning law, and that also county legislators […]

Iowa payday creditors beware: unique policies are arriving A year ago, Iowa’s payday creditors distributed about $220 million in brief personal loans — getting a normal annual interest rate of greater than 260 %. Naysayers whine that those sky-high rates of interest happen to be proof Iowa’s lax loaning law, and that also county legislators […]