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State Measure Would Control Payday Advances to Military Staff

State Measure Would Control Payday Advances to Military Staff Controversial pay day loans targeting soldiers coming back from Iraq are now actually within the crosshairs of politicians. Assemblyman Ted Lieu, a Torrance Democrat, introduced a bill, AB7, that could tighten up state enforcement of 36-percent yearly rate of interest caps on loans to army workers and their own families, in…

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