Brian Caldwell Quotations

Consumers would be shocked to learn that the amount of many short-term payday loans may be as high as 500-percent APR or even greater in many cases. Undoubtedly, some consumers would choose to forego the loan in the face of such written disclosures. However, even when disclosures are made, they are frequently inaccurate, failing to take into account various fees and charges.

Specifically, the AGO alleged that the interest rates charged by the company were not properly calculated or disclosed, and greatly exceeded the amount legally collectable under Commonwealth law.

That's one of the reasons why states are looking at gas prices-to know how fuel companies set fuel prices.