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Wis. Supreme Court takes payday loan case

POSTED: Monday, September 26th, 2011 at 9:02 am

BY: Associated Press

MADISON, Wis. (AP) – The state Supreme Court has agreed to decide whether state law permits judges to determine when payday loan interest rates are too high. The court will consider whether state statutes block judges from determining if a particular interest rate is unconscionable and, if they don’t, what evidence would prove rates are [...]

Judges ask Supreme Court to take loan case (UPDATE)

By TODD RICHMOND Associated Press MADISON, Wis. (AP) — A panel of Wisconsin appellate judges asked the state Supreme Court on Thursday to decide when interest rates on payday loans become excessive. The case marks the first time Wisconsin courts have faced the question of whether state statutes permit judges to determine when interest rates [...]

2010AP2298 Payday Loan Store of Wisconsin, Inc., v. Mount (access required)

Consumer Protection
Payday loans; unconscionability

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