The business is a component of Mexico-based Grupo Elektra, that will be the biggest payday lending company in the usa and is owned by Mexican billionaire Ricardo Salinas

The business is a component of Mexico-based Grupo Elektra, that will be the biggest payday lending company in the usa and is owned by Mexican billionaire Ricardo Salinas

Monday

Gov. Mary Fallin vetoed a bill on Friday that could have produced that loan with a 204 % interest rate that is annual.

In her own veto message, Fallin composed that the balance, which reflects a push that is national brand new installment loans because of the payday financing industry, would produce a high-interest item without limiting usage of other cash advance services and products.

“In fact, in my opinion that a number of the loans produced by this bill could be MORE COSTLY than the present loan choices,” she had written. 继续阅读“The business is a component of Mexico-based Grupo Elektra, that will be the biggest payday lending company in the usa and is owned by Mexican billionaire Ricardo Salinas”