Commentary
California has reformed consumer loan interest rates. But will lenders find loopholes?
Tom Dresslar, former Deputy Commissioner at the California Department of Business Oversight: The people of California, through their legislature and governor, just decided to end a decades-long, unbridled fleecing of millions of the state’s borrowers. Some predatory lenders, however, may launch a scheme that could, for their companies, effectively overturn that sovereign decision.
