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Reply to "Banks now offering PayDay Loans=Usury"

To be honest, a lot of people are paying the same if not more in credit card interest rates and fees.  People without perfect credit pay extremely high interest rates on any type loans, whether they are from a bank or some jackleg finance company.  

 

This is one of the many abuses that "states rights" get you;  there are laws against Usury, but, they very from state to state, with each state having the authority to set their own Usury rates.  

 

So what we have here in America now when it comes to finance and banking or anything else, is that big business can do whatever it wants and it is only the people who are bound by laws, limitations and punishment.

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