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9:57 am
Wed August 7, 2013

The Payday Playbook: How High Cost Lenders Fight To Stay Legal

Supporters of the ballot initiative to cap the annual rate of loans at 36 percent rally at the entrance of a Kansas City payday lender in September 2012.
Credit Communities Creating Opportunity

A version of this story was co-published with the St. Louis Post-Dispatch.

As the Rev. Susan McCann stood outside a public library in Springfield, Mo., last year, she did her best to persuade passers-by to sign an initiative to ban high-cost payday loans. But it was difficult to keep her composure, she remembers. A man was shouting in her face.

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