This issue came to my attention as well. In fact, New Hampshire made the decision, while I was Attorney General, to cap the interest rates at 36 percent because there were examples of payday-type loans where people were paying as high as 500 percent.
Ayotte discusses New Hampshire's decision to cap payday loan interest rates.
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As a proud product of New Hampshire public schools, I believe providing every child the opportunity and choice to attend a public school is important and necessary.
This bill is nearly identical to the Senate bill I vetoed last month, as well as two other bills I have vetoed. These bills are overly broad, poorly drafted, and create the potential for substantial litigation.
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