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Wednesday, June 20, 2007
Oregon Curbs Payday Lenders
by Scott Nelson
Oregon Governor Ted Kulongoski yesterday finalized into legislation a package of bills built to protect customers against abuses by the lending that is payday as well as other short-term lenders that target susceptible borrowers with high-interest loans. Together, the newest guidelines will, on top of other things, limit rates of interest, limitation rollovers of short-term loans, and make an effort to regulate transactions that are internet. Read more