Finance companies have traditionally been subject to state-imposed usury ceilings on the maximum loan rate charged to any individual customers.

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Finance companies have historically been subject to state-imposed limits on the maximum interest rate charged to individual borrowers. These usury limits vary by state and are intended to protect consumers from excessively high interest rates. However, in recent years, some finance companies have found ways to circumvent state usury laws by partnering with banks and offering loans with higher rates through those institutions.

Finance Companies Have Traditionally Been Subject to State-Imposed Usury Ceilings