WW USA piloting in Illinois, pop 12.8m with 2.7m in Chicago. Already a market 1/2 size of Aus. Few articles and info on interest rates caps in USA. Interesting that lots of states have usury laws, but example below of California and the LA Times piece explains its often not enforced. At a max 36% APR CCP will need to have tighter criteria you'd imagine, as they operate at about 48% APR in Aus. Still would be a massive opportunity however...
"Example loan: A loan of $1,000 borrowed over 6 months will cost $1,108. (Principal: $1,000 and Interest: $108). All Wallet Wizard loans have an APR of 35.99% and no establishment fees. Different amounts and terms will result in different repayment amounts.*Our loans are open for Illinois residents only at this stage."
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