FIN-350 Module 4 DQ 2 - Look at the Focus on Ethics box (“How Fair Is Check Into Cash”)…..
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FIN-350 Module 4 DQ 2
Fundamentals of Business Finance – Time Value of Money and Valuation of Securities
Grand Canyon University
Look at the Focus on Ethics box (“How Fair Is Check Into Cash”) in Chapter 5 of the textbook. These, businesses quote an interest rate of 15% to loan customers (most of whom are fairly unsophisticated) and yet the EAR of the loan is close to 400%. Explain the wide discrepancy between these rates. What do you believe is the correct regulatory response to these types of lenders?