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November 19, 2014

Pay Day Loans

Faith leaders join consumer advocates to push for lower payday loan rates

WASHINGTON — Dozens of faith leaders and consumer advocates are pressing Congress to create a national interest rate cap for payday lenders instead of the exorbitant three-digit rates currently charged to people in several states. Eighty activists from 22 states came to Washington in hopes of shaping new regulations that are expected from the

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