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OUR VIEW — Who are legislators protecting with payday lending loophole?

That seriousness Mississippi’s legislators showed back in 2012 over whether to reauthorize payday lending seemed so sincere at the time. They could allow the payday lending industry to strengthen its hold on Mississippi’s working poor, tip the rules to increase borrower protections, or ban the low-dollar lending altogether. The wrangling ended with lawmakers proclaiming a great comprise: Payday lending and ...

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