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I really dont understand what the problem is. Im just a normal guy that dont have any clout, but its us that are taking these loans out. I borrowed $300 from cashloancity.com last month to pay for things the kids had to have that week. I paid it back and everyone was happy. Is this nothing more than a political exposure subject? Go after credit card companies if you are serious about high interest and charges. They Charged me $40 for being one day late, and charged me another $40 because the first $40 put me over my limit. Oh but thats completely alright because of the power they have over Washington right? Thank you, Ray

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There are now sites like cashloancity.com on the internet that already offer lower rate cash loans to people in need.

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I think theres a mistake in this article. Are the two consecutive paragraphs beginning with "Contrary to some initial concerns..." and "Recently, some consumer groups..." a quote from a supporter of the bill, or biased reporting on the part of RTO which has suddenly turned against the payday loan industry? Please clear this up.

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I think theres a mistake in this article. Are the two consecutive paragraphs beginning with "Contrary to some initial concerns..." and "Recently, some consumer groups..." a quote from a supporter of the bill, or biased reporting on the part of RTO which has suddenly turned against the payday loan industry? Please clear this up.

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