WASHINGTON – Businesses offering short-term cash advances against borrowers’ paychecks charge fees equivalent to annual interest rates of 182 percent to 910 percent, a new survey by consumer groups shows. The companies making the so-called “payday loans” are increasingly entering partnerships with out-of-state banks to… Read More
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Concern grows over ‘payday loans’ Maine prohibits practice, in which interest rates can climb to 910% annually
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Concern grows over ‘payday loans’ Maine prohibits practice, in which interest rates can climb to 910% annually