Thursday, June 2, 2016

U.S. crackdown on payday lenders sharpens political battle lines

WASHINGTON/NEW YORK, June 2 (Reuters) - The U.S.

government's move on Thursday to restrict payday lenders'

ability to profit from high-interest loans marks its first

crackdown on an industry accused of preying on desperate

consumers but also viewed as a last-ditch source of money.

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