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What would the Predatory Lending Cap House Bill 2871 do?

cap House lending Predatory
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What would the Predatory Lending Cap House Bill 2871 do?

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HB 2871 anticipates and closes loopholes in Oregon law that allow predatory lenders, such as payday loan shops and car title lenders, to avoid regulation and continue charging interest rates ranging anywhere between 300 to over 500 percent.

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