Oregon Considered
Tightening the Reins on Payday Loan Shops

Posted by Michael Clapp at March 15, 2005 04:56 PM

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Since payday loan shops cropped up in Oregon in the 1990s, their growth has been explosive. In fact, Oregon has more payday loan stores than McDonald's, as critics of the industry like to point out.

And low-income advocates argue that soaring interest rates on loans to poor people cripple their ability to make ends meet and put food on the table.

Oregon lawmakers held a hearing to consider capping interest rate caps.
complete article...

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