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Inspite of the stigma connected to pay day loans, the president of Goleta nationwide Bank in California is such a thing but embarrassed about funding these short-term, high-rate loans. Year only six months after it got into the business, $340 million-asset Goleta estimates that these loans could account for 20% of its profits by next. "Major banking institutions ought to just take a much closer understand this item and begin doing a similar thing i…

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