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Kansas City can be, needless to say, an epicenter for organizations focusing on predatory payday loans online, as we have reported. Those businesses evade the usury guidelines that other states have actually passed away by merging with United states Indian tribes and integrating offshore shell businesses.
It’s a market in serious need of reform. Molly Fleming, who we profiled some time ago, happens to be leading a nationwide payday-lending reform campaign for the PICO (People Improving Communities through Organizing) Network. (more…)