Payday Loan Centers Charge Whopping Interest Rates

Dallas Observer | September 12, 2005
Payday loan centers have partnerships with out-of-state banks to evade state usury laws, and as a result get away with charging interest rates that can surpass an annual 700 percent.

Dallas Observer

You might think that it was one of those thorny ethical conflicts. How would the Dallas Observer behave when its tough-talking former city columnist became mayor? Would we join her team? Be her pals? Suck up? Or would we keep...
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