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Neighborhood face of payday financing

Neighborhood face of payday financing

Key in ordinary sight

Consumers can’t decipher between those beneath the payday lending work and people utilizing the loophole.

Nevertheless, the loophole isn’t any secret to policy manufacturers.

In the past few years, some legislators have actually tried — and failed — to eliminate the loophole. In 2008, a team of DFL lawmakers pressed legislation to get rid of the loophole and rein in payday loan providers or ban them totally. Leer más

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