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Senator Dick Durbin. Payday advances, designed to use the borrower’s paycheck that is next security, usually carry annualized interest rates because high as 400 per cent.

Senator Dick Durbin. Payday advances, designed to use the borrower’s paycheck that is next security, usually carry annualized interest rates because high as 400 per cent. [WASHINGTON, D.C.] – In reaction to demand that is growing tiny buck loans, U.S. Senator Dick...