See You Later, Loan Shark
Good. Fuck 'em.
Because a new state law capping the payday loans APR to 28% just ain't worth knee-capping the working poor over.
Check Into Cash said the closure of the 93 centers will result in a loss of jobs for some 220 employees and the abandonment of 143,000 square feet of retail and office space. Though it plans to cease payday lending in the state, Check into Cash said it's "exploring other short-term credit products and loan alternatives in hopes of being able to continue offering some type of viable product and service to its customers."
Coming to a back alley near you?