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April 22, 2014

Payday loan rates in Idaho average 582%: Pew study

SALT LAKE CITY (AP) — Idaho, Nevada and Utah have among the nation's highest interest rates for payday loans, according to a report.

The study, released this week by the Pew Charitable Trusts, found their rates are so high mainly because they're among only seven states that impose no legal limits on them.


 
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