installment loans http://nhpr.org en Lynch Vetoes Bill Allowing 400% Annual Interest Rates http://nhpr.org/post/lynch-vetoes-bill-allowing-400-annual-interest-rates <p>&nbsp;&nbsp;</p><p>Under the bill, lenders could charge 15 percent monthly interest.&nbsp;</p><p>Governor&nbsp;Lynch&rsquo;s veto&nbsp;message notes the annual percentage interest rate on these so-called installment loans&nbsp;translates to more than 400%.&nbsp;Lynch says allowing such rates would hurt&nbsp;New Hampshire&nbsp;families, communities and the economy.</p><p>Lynch&rsquo;s message also says the bill limits the state&rsquo;s regulatory authority.</p> Fri, 27 Jan 2012 21:17:29 +0000 Josh Rogers 1598 at http://nhpr.org