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Loan Sharks of Today. Can online payday loan providers escape the usury rules?

Loan Sharks of Today. Can online payday loan providers escape the usury rules?

Can online payday loan providers escape the laws that are usury?

by Sid Kirchheimer, AARP Bulletin, April 19, 2010 | commentary 0

Payday loan providers have actually never really had a great reputation. Frequently running away from neon-lit storefronts in hard-up areas, they’re known for saddling borrowers with spiraling financial obligation on short-term loans.