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How predatory payday lenders pop back up even after states crack down

By Paul Kiel, ProPublica A version of this story was co-published with the St. Louis Post-Dispatch. In 2008, payday lenders suffered a major defeat when the Ohio legislature banned high-cost loans. That same year, they lost again when they dumped more than $20 million into an effort to roll back…

Law designed to block predatory payday lending to vets too easy to circumvent

By Paul Kiel, ProPublica, and Mitchell Hartman, Marketplace This story was co-produced with Marketplace. Listen to their coverage. Seven years after Congress banned payday-loan companies from charging exorbitant interest rates to service members, many of the nation’s military bases are surrounded by storefront lenders who charge high annual percentage rates,…

They Used To Call It The Vig

There are certainly worse influences in poor communities than payday lenders, but those influences tend be involve acts of God and/or organized street gangs. Barring that, there’s little you could plan better than effectively removing banks and making the only instruments of financial planning one of the half-dozen check cashing…

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