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Comment Letter to Federal Banking Regulators, on Unauthorized Debits by Payday Lenders

Comment Letter to Federal Banking Regulators, on Unauthorized Debits by Payday Lenders Pay Day Loans: Back Ground Pay day loans are incredibly expensive loans carrying huge costs that lead to triple-digit APRs, typically when you look at the 400%-800% range. Fifteen states have actually prohibited all lending that is payday….