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Payday lenders strike back, targeting bank overdraft fees

By Chase Martyn 1/12/09

Amid speculation that the Iowa legislature may move to ban payday lending (or take steps to cap interest rates in a way that would effectively ban payday lending), the industry at the heart of the controversy has stepped up efforts to promote its side of the debate, going after banks and credit unions for the [...]

Payday lending gets legislative scrutiny

By Chase Martyn 12/2/08

The Des Moines Register reports that several state legislators, including Sen. Jack Hatch and Rep. Janet Petersen, have decided to make payday loan reform a high priority in the coming legislative session.
Back in August, intern (and now Truman and Mitchell scholar) Alec Schierenbeck examined all sides of the payday lending industry in Iowa, painting perhaps [...]

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