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Predatory Lending

Reining in the practice of high-interest payday lending

By Filings on Tue, 07/26/16
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“The effective interest rate on payday loans is staggering—the interest rate for a $50 loan that requires the debtor to pay $70 in a month is 40 percent, which translates to 480 percent per year.” WORLD

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Since 2005

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