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October 08, 2012


Justine D.

Legally speaking, state attorneys general are playing wack-a-mole with payday lending. State rules have mostly given them authority over local businesses only. Case in point: AG Darrell McGraw of West Virginia's dispute with Virginia lenders. And then there's online lenders, another can of worms. No AG wants to admit they need help with an issue this small, but maybe it's in everybody's best interest to handle this through Congress.

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