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Published daily in Bend, Oregon, by Western Communications, Inc. Copyright 2007.
By Chuck Chiang / The Bulletin
May 8, 2007
The speaker of Oregon's House of Representatives on Monday urged the state Senate to pass a bill that would cap annual interest rates for payday loans at 36 percent, describing the lending practice as a "cycle of death" for people who take out these loans.
If passed into law, the bill....