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Archive Home > 2006 > November > 26 > Close the loopholes

Close the loopholes

By Bulletin Editorial staff / The Bulletin
November 26, 2006

Anybody paying 500 percent annual interest on a loan has to be foolish, desperate or not realize what they are doing.

Some payday lenders charge that kind of interest.

They make smaller loans. The average loan amount for last year was $331, according to the Oregon Department of Consumer and....

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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.