Posted Tuesday, August 21, 2007
OK, a $15 fee for every $100 borrowed might not sound like much at first, but that's what payday lenders are banking on. Do the math and it turns into a 391 percent annual percentage rate. Despite that, payday loans are popular. Lawmakers are debating new limits for the payday lending industry -- later this morning we'll talk about what works, what's fair and what else there is when you're trying to pay your bills. Join us at nine, on 90.3.
Government/Politics, Community/Human Interest
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