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How Will Payday Lenders Be Affected by New Bill in Congress?

(1) "Sen. Durbin's bill would create a federal rate cap of 36% on all forms of short term credit"
(2) "almost 100,000 people will be put out of work!"
(3) They use these loans of their own free will, all fees and terms are clearly disclosed

36% is still too high, higher than usury laws imposed prior to that moron Paul Volcker.

England had to address bounced check fees. They were lowered. The same would happen here

drug addicts use drugs on their own free will as well knowing the consquences of their actions

you should work on the illegal immigrants problem which displaces millions of U.S. workers

people like you should find anthor country to live in. you as are most others, completely ignorant of the circumstances upon which these lower income borrowers ask for money, borrowed money that leaves them much worse off financially