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Blog: New Loan Practice

Feb 22, 2012 | By Marge Clark, BVM

NETWORK objects to large banks taking up a practiced being outlawed for "payday lenders" who have been charging up to 365% interest on small, short-term loans made available to people with poor credit ratings. We, with 250 organizations and advocates, support federal action to stop banks as well as payday lenders from engaging in these unethical practices.  

The Consumer Financial Protection Bureau h