State Rep. Gordon Hintz, D-Oshkosh, says he has 43 co-sponsors in the Assembly, and 15 in the state Senate, for his bill that would set a 36 percent ceiling on the interest that payday lenders can charge. That’s the ceiling that Congress set on loans for U.S. military personnel in 2007 after many servicemen and women got caught in the debt trap set by lenders near their bases.
Generally speaking, these operators have borrowers write a post-dated check that includes …

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