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Regional News

Bad Loan Operation Fined


An out-of-state loan operation's been hit with a $90,000 fine. Consumer affairs spokeswoman Lisa Morawski says the Utah company was violating Oregon's payday lending laws. They were charging rates as high as 2700%, while the Oregon limit is 36%. Officials say they are aware that similar companies are still making loans in Oregon, and they promise more enforcement action.

 

 

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