Banks and lending agencies have been inching toward the business practices of the underworld for a number of years.
Today's USA Today has an article entitled, "When interest rates hit 32%, there ought to be a law." They are right. There ought to be a law.
In Oklahoma, payday lenders can legally charge up to 300% interest.
Some of these Armani suited loan sharks deserve jail time for preying on the poor and naive.
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