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Congress Takes Aim at Payday Loans

Wall Street Journal Original article ›

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The average APR on a two week checking account overdraft is 1067% more than double the rate on a payday loan that charges 391%. Does that make the 391% a good rate and does that make the 1067% rate to make sense. What do markets mean in this context? They mean a crushing burden on those least able to pay.

Pay Day Loan Industry

04/13/2009

Grouped Articles

391 Percent Payday Loan

New York Times 04/13/2009

Congress Takes Aim at Payday Loans

Wall Street Journal 04/14/2009

Credit card debt surges and the effects on U.S. consumer spending, followed by household debt reduction.

07/05/2008

The result is huge swings in consumer spending, first with rising debt and then with debt reduction and the cultural shift to different lifestyles.

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New York Times 02/18/2014

Americans Pocketing What They Save on Gas, Retail Data Suggests

New York Times 01/14/2015


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