Advocates submit a bill to suppress the predatory methods of payday loan providers. Then industry lobbyists squelch your time and effort, persuading state lawmakers that they??™re the loan providers of final resort, truly the only people that haven??™t abandoned low-income neighborhoods.

Never ever mind that the loan providers??™ generosity comes with quick and paybacks that are costly a blizzard of charges that can total up to an annualized rate of interest in excess of 400per cent. Read more →