12 22 2014
  5:35 pm  
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City Gets It Right on Payday Loans

We applaud the recent Portland City Council decision to impose regulations and fees upon the 69 payday lending stores within the city limits. There's a reason that the Bible forbids usury and a reason that laws are in place to protect consumers from predatory lenders — the combination of desperate borrowers and exorbitant interest rates benefits only one side of the equation: the lender.

Read more: City Gets It Right on Payday Loans

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