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Final summer time, Philadelphia attorney Shane Heskin told Congress that Pennsylvania has robust legislation to avoid customers from being gouged on loans вЂ” but none business that is protecting.
вЂњConsumers have actually guidelines protecting them from usurious rates of interest,вЂќ he stated. вЂњBut for small enterprises, those protection guidelines donвЂ™t apply after all.вЂќ
Heskin defends companies in court whom have fast cash from just what he argues are deeply predatory вЂњmerchant cash advanceвЂќ lenders.