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> John Oliver Blanches at the 1900% Interest of the Payday Loans Industry
John Oliver took on payday loans on last night's Last Week Tonight, vacillating as only he can between bafflement and outrage. Payday loans – or, as one could guess, loans that must be paid back on the next payday – are a massive industry in the U.S. There are more payday loan lenders in this country than there are McDonald's and Starbucks locations. So why can't payday loans be stopped? "They ... (C) 2012