Story thread · 2 reports / 1 sources

Mercado Libre’s Founder Faces a Criminal Usury Complaint Over Loans Costing Up to 1,375% a Year

riotimesonline.com · 3hShare

The headline figure is the total cost of credit, not the interest rate. It sits on the company's own public rate sheet. The post Mercado Libre’s Founder Faces a Criminal Usury Complaint Over Loans Costing Up to 1,375% a Year appeared first on The Rio Times .

First report: Mercado Pago, Mercado Libre’s Fintech, Launches Payroll-Deducted Loans in Brazil — riotimesonline.com, 1d