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A new study shows health disparities cost Texas billions of dollars; Senate rejects impeachment articles against Mayorkas, ending trial against Cabinet secretary; Iowa cuts historical rural school groups.

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The Senate dismisses the Mayorkas impeachment. Maryland Lawmakers fail to increase voting access. Texas Democrats call for better Black maternal health. And polling confirms strong support for access to reproductive care, including abortion.

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Rural Wyoming needs more vocational teachers to sustain its workforce pipeline, Ohio environmental advocates fear harm from a proposal to open 40-thousand forest acres to fracking and rural communities build bike trail systems to promote nature, boost the economy.

Closing the Door on Payday Lenders in Oregon

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Thursday, March 29, 2007   


Oregon voters want the doors closed on payday lenders in the state. A new poll from AARP Oregon shows nearly 80 percent of voters say the state needs cap interest rates at 36 percent annually on all payday and similar loans. Gwen Curran with AARP Oregon says without the cap, payday lenders will find a way to continue charging triple digit interest.

"Thirty-six [percent] sounds really high, but they can and do charge over 500 percent."

The House Consumer Protection Committee is expected to vote soon on a bill (HB 2871) that would cap the rates. Payday loan companies say they're providing a needed service, and additional regulations will put them out of business.

Curran argues that the restrictions set to go into effect in Oregon in July haven't worked in other states, and the only good solution is an interest cap.

"These kind of high interest consumer loans are risky and jeopardize the economic security and peace of mind of Oregonians of any age."


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