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Critics Reform payday loan industry

BusinessWeek - Attorney General Jay Nixon, clergy leaders, and several Democratic legislators on Tuesday called for reforms of Missouri's payday loan industry, saying it is profiting on the backs of the state's most vulnerable people. The group called for ...

Source: http://search.msn.com:80/news/results.aspx?q=payday
 

A payday loan or paycheck advance is a small, short-term loan (typically up to $1,500 in the U.S.) that is intended to bridge the borrower's cash flow gap between paydays.