Detroit Metro Times

Tony Webster/Flickr Many loan that is payday in Michigan re-borrow within 60 times. Customer advocates state strong reforms are necessary to better regulate the payday financing industry in Michigan, in addition they might just have the info to show it. A brand new report from the middle for Responsible Lending unearthed that in past times 5 years, payday lenders have taken over fifty percent a billion bucks in charges from customers in Michigan, including $94…

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