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Elizabeth Warren: Let's Make Post Offices Mini-Banks

Mark Karlin @ Buzzflash - If you are poor and cash-starved, you might regularly turn to a payday loan lender by signing over your paycheck for a small loan. Once you do that, you will likely end up in a bind because interest rates (when combined with fees) can be as much as 1000%.  This means a poor or minimum wage working person is caught in a cycle of debt and paying off interest exponentially worse than exorbitant credit card rates.  Read more.

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