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Payday loans worry consumers, regulators and lawmakers alike – The Guardian (blog)

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The Guardian (blog)

Payday loans worry consumers, regulators and lawmakers alike
The Guardian (blog)
Payday loans are short-term loans, often available in lower-income areas, that feature punishingly high interest rates and put users on a cycle of heavy indebtedness. In 2010, more than 12 million Americans relied on payday lenders for access to credit.

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