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Jeff Sovern on Evading State Lending Laws

March 09, 2013

In the Media

Evading State Lending Laws
Letter to the Editor
The New York Times
March 8, 2013

Excerpt

To the Editor:

Re “ Bleeding the Borrower Dry” (editorial, March 4):

After noting that lenders use the Internet to lend to consumers at rates prohibited by the states in which the borrowers live, you applaud the proposed Safe Lending Act, which would block such end runs around state lending limits.

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