Since I walk to work, I rarely get a chance to read the Washington Examiner which I imagine I would if I took the Metro. But I got a chance to see yesterday’s paper, which reported that the D.C. Council took a major step in preventing “payday lenders” from exploiting the desperation of low-income workers. The Council passed a bill restricting payday lenders from charging absurdly high interest rates that often trap consumers in an endless cycle of debt.
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