Payday lenders feel like victims of political payback

May 2009
Las Vegas Business Press (10712186);5/25/2009, Vol. 26 Issue 21, pP16
This article reports on the increased scrutiny facing Nevada paylenders over the interest rates and fees they charge. Some have decided to leave the business amid class action lawsuits and state-ordered closures which they claim are politically motivated. Handy Cash is one of the casualties as it filed for bankruptcy after receiving a cease-and-desist order and a fine from the state. Lawyer Matthew Callister says payday lenders are being scapegoated as a result of their opposition to a legislation limiting payday interest rates and fees.


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