Payday lenders have found a powerful friend in the Pew Charitable Trusts. In a recent report on payday lending -- the culmination of two years of work -- Pew embraces reforms to this industry that would still allow the poorest Americans to be charged annual interest rates in the triple digits.
http://www.demos.org/blog/10/31/13/pews-appalling-thumbs-payday-loans-129-annual-interest
::Union Paradise®
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