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Jun 3, 2016
Proposed limits on payday loans draw sharp reactions from both sides
Federal officials unveiled new restrictions on payday lenders Thursday that aim to help low-income borrowers avoid the “debt traps” of readily available, high-interest loans that critics say prey on minority communities.
Apr 21, 2016
Lenders offer charity help in return for high interest rates
In a last-minute bid for votes, the consumer lending industry is offering to give some undetermined share of its profits to charities in exchange for being given the legal right to make loans with monthly interest rates up to 15 percent.
