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Monday, February 21, 2005

Lawmakers look to regulate payday lenders

Promising fast, easy cash without a credit check, payday loan stores have popped up on many street corners and strip malls in Oregon - so many that, at 323, they outnumber any single fast food chain in Oregon.

But some lawmakers think that Oregon should join the 35 other states that regulate payday lenders, and have introduced a bill to help protect consumers from falling too far into payday loan debt.

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