California Supreme Court: Loans with 200+ percent interest rates are ‘unconscionable’
via sfgate: California law strictly limits interest rates on loans of less than $2,500, and sets no numerical ceiling on interest for higher loans. But rates on loans for $2,500 or more can nevertheless be so oppressive — or “unconscionable” — that they violate the law, the state Supreme Court ruled Monday. In a class-action suit … Read more