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Tag Archives: Carol B. Penick

Consumers deserve protection

On Oct. 3, 2010, Mississippi Business Journal editorial (“Payday loans won’t go away”) described payday lending as a “scheme.” Well, we would agree. But we would also describe these loans as “predatory” and “debt traps.” And the Women’s Fund of Mississippi is not alone in our disdain for payday lending. In 2006, the Department of Defense issued a report to ...

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