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In Chapter 17 the author discusses usury laws which set a maximum rate of interest that can be charged b y lenders. Payday loan companies
In Chapter 17 the author discusses usury laws which set a maximum rate of interest that can be charged b y lenders. Payday loan companies often gen bad press because they charge an extremely high, yet legal rate of interest. Some people believe they should be banned. What are your opinions on payday loan companies(or companies like them)? Are they a benefit to the public or a detriment? Back up your opinion.
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