Pay day lenders preying to the borrowers escape crackdown as the regulations rolled right back

Pay day lenders preying to the borrowers escape crackdown as the regulations rolled right back

In certain says, interest rates toward cash advance achieved almost 700%. Inside the Tx, consumers paid down an average of 662%. From inside the Vegas, that number was 652%, along with Ohio 391%. Photograph: Alamy

In some says, rates of interest into the payday loan hit almost 700%. During the Texas, individuals paid normally 662%. Within the Las vegas, nevada, that number are 652%, and also in Kansas 391%. Photograph: Alamy

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