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Again, California Lawmakers Won’t Crack Down on Payday Lenders

Again, California Lawmakers Won't Crack Down on Payday Lenders Whenever phone bank worker Melissa Mendez, age 26, felt economically squeezed a couple of months ago, she strolled right into a money 1 storefront in Sacramento and took down a quick payday loan. The yearly rate of interest: 460 %. “I happened to be quick on money and needed seriously to spend rent," Mendez stated. That price would surprise great deal of individuals. Maybe perhaps Not Mendez, whom once worked behind the countertop at an outpost associated with the financing giant Advance America. She had fielded applications for short-term loans from…