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Reply to "Banks now offering PayDay Loans=Usury"

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.

 

One reason to be against states having jurisdiction over some things. There should be a checks and balance between State law and federal law. In this case check one for Federal law.

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