Oklahoma lawsuit lending

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On May 29th, Oklahoma Governor Mary Fallin signed into law the nation’s first lawsuit lending legislation. The law will bring lenders under the Uniform Consumer Credit Code so that they must play by the same rules as other lenders who provide loans in the state. Lawsuit lenders often operate in predatory ways, taking advantage of consumers when they are at their most vulnerable. This law works to fix that. For the full story, click here.