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Catholic World News

State Catholic conferences confront the scourge of payday lending

December 21, 2020

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CWN Editor's Note: This article highlights efforts by state bishops’ conferences in Illinois, Michigan, and Nebraska to regulate the practice. “A typical two-week payday loan with a $15 per $100 fee equates to an annual percentage rate (APR) of almost 400 percent,” according to the Consumer Financial Protection Bureau.

The above note supplements, highlights, or corrects details in the original source (link above). About CWN news coverage.

 


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