In the News
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Mint Press: Banks Keep Payday Loan Industry Alive Despite Gov’t Deeming It Illegal
Mint Press — The battle over payday loan operations is growing, as America’s largest banks engage with the service, providing the link needed to debit accounts, even in states where payday loan operations are banned.
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NY Times: Major Banks Aid in Payday Loans Banned by States
New York Times — Major banks have quickly become behind-the-scenes allies of Internet-based payday lenders that offer short-term loans with interest rates sometimes exceeding 500 percent.