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Archive - May 15, 2013 - News Article

'Pay-day' loans debated at Statehouse

May 15, 2013

PROVIDENCE – Depending on who you listened to at the House Finance Committee hearing Wednesday, payday lenders are either providers of quick and convenient cash loans for regular folks in temporary financial straits or they are “predators,” “vampires,” “monsters” and “leeches” conniving to trap poor people in an inescapable cycle of debt at “usurious” interest rates.

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