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U.S. PIRG Consumer Blog
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November 16, 2005
Oregon PIRG Surveys Predatory Payday Lenders
Today, Oregon PIRG released a new report documenting the growth of the predatory payday lending industry in Portland.  Payday lenders charge consumers a staggering average interest rate of 521% in the City of Portland, [and] nearly half of the lenders surveyed are not even complying with the most basic requirement to post annual percentage rates (APR’s) where customers can easily read it.
Posted by Ed Mierzwinski at November 16, 2005 02:33 PM
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