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Maine senator calls for crackdown to the ‘snake petroleum and you can fine print’ payday loans

Maine senator calls for crackdown to the ‘snake petroleum and you can fine print’ payday loans Condition Sen. Rick Bennett of Oxford calls for limitations about how precisely much loan providers can charge to possess small-title financing to help you hard-forced Mainers. The fresh active You.S. pay day loan rates, because of the condition, to have a beneficial $300 mortgage. From inside the Maine, it’s 217%, the following large within the New England. Heart having In charge Credit Strugg

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