Some states are cracking down on pet store loans that can balloon by tens of thousands of dollars, sometimes for sick dogs.
When she sat down to look at the paperwork a few days later, Millie Hill quickly realized her mistake: The bundle of high-interest loans she’d signed would eventually swell to a total cost of more than $19,000.
“These interest rates are not unique to Puppyland and Puppyland has no control over the interest rates our customers receive when working with 3rd parties for financing,” Kayla Kerr said in a statement, adding that the company has no plans to change its loan policies. “If we were to suspend this option, it essentially narrows the choice for the customer and we would not want to do that.”
say in addition to costly loans, consumers often end up with pets that have myriad costly and stressful health problems. So far, five states have enacted these pet store bans, and New York may join them if the “Puppy Mill Pipeline Bill” — passed by the legislature in June — is signed by Gov. Kathy Hochul .Bober criticized those measures, arguing they do nothing to improve the quality of pets and hurt small businesses.
Congress has also taken action to close a loophole that enables the high-interest loans. Last year, President Biden signed a announced a settlement in August with a pet store that agreed to pay veterinary care or refund consumers who bought dogs with medical conditions. And the Hills’ case and others in Washington have triggered an inquiry by state Attorney General Bob Ferguson .
State interest rates are capped at 36 percent in Iowa, so the Bowmans weren’t overly concerned — until they got home and saw that the 90-day interest free loan from EasyPay had an explosive clause in it.
In the Bowmans’ case, Kunzelman argued they should have been aware of the EasyPay interest rate since they “were given documentation of the terms.”Petland stores have continued to offer loans above this rateFor example, one video of a Petland employee this summer at a store in Wichita captured a conversation with a Humane Society volunteer posing as a customer in which the person was advised against a triple-digit interest loan that the employee suggested the company was still offering.
that included a “chronic history of allergic skin disease, gastrointestinal disturbances and respiratory issues,” according to a necropsy report performed after he died of renal failure at 20 months of age. The veterinarian also said Zeke’s health problems were “a direct result of his prior genetic and breeding history.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
A’s loss is a historic win for MarinersMariners headed to playoffs for first time since 2001 after beating A’s 2-1
Read more »
Oakland A’s spoil Ohtani’s no-hit bid, but can’t avoid 100th loss of seasonThe 2022 A’s join the 1979 squad as the only teams to lose 100 games in the franchise’s 54 seasons in Oakland.
Read more »
Rookie Sears shines, but Oakland A’s lose 5-1 to playoff-bound Seattle MarinersThe A’s lost 5-1 in Seattle on Saturday, their sixth straight loss and No. 102 of the season, but Sears showed why the A’s insisted he be part of the trade that sent Frankie Montas and …
Read more »
SHIB Burn Rate 1,900% Up As SHIB Army Gets Inspired by Upcoming SHIB Game “Download” DayNumber of SHIB burns has drastically risen, pushing the burn rate nearly 2,000 percent up, here’s who burnt nearly all this SHIB
Read more »
Update: EPEX Gets In Formation In 1st “Puppy Love” Group Comeback TeasersUpdated October 1 KST: EPEX has unveiled their first group concept photos for their upcoming EP “Prelude of Love Chapter 1. ‘Puppy Love’”! Updated September 28 KST: EPEX has released a promotion schedule for their upcoming comeback with “Prelude of Love Chapter 1. ‘Puppy Love’”! Original Article: EPEX is officially gearing up for a romantic return!
Read more »