Bringing You the Domestic Renaissance Since 1999

Note: As of 2017, The New Homemaker is an archive. The articles on the site are all original to TNH.

In the legislative session just closed, Oregon took a huge step toward ending financial exploitation of the desperate and capped payday lending rates. As a result, at least 60 payday lenders have closed shop in the state, claiming the regulations are too severe.

What cap did the legislature place on the lenders? No more than a 36% annual interest rate. You read it right: 36% interest. Sounds like a lot, doesn't it?

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It's probably a contradiction in terms