Wisconsin Banking Update
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Payday Loan Industry Fights Loan Caps
Posted on August 2nd, 2009 No commentsAt least 27 industry lobbyists have registered with the state to fight a proposed 36 percent cap on payday loan interest rates, the Milwaukee Journal Sentinel reported.
In his column on the article, Journal Sentinel columnist Patrick McIlheran writes, “[G]iven how all-encompassing regulation has become, how comprehensively government power presumes to decide winners and losers, it draws even companies otherwise uninclined to lobby into the Capitol.”
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