Milwaukee, May 29, 2010 — The Payday Lending industry has received a bad reputation and is often a target of local, state and government regulators for regular audits. Also, increasing new rules and regulations often limit and restrict the operations of payday lenders. The main reason for that is not only because payday loans are very expensive in terms of fees and high interest rates, but because of a very few bad apples, mostly brokers, usually not direct lenders, who have performed unethical and predatory lending practices in the past and given a bad reputation to the whole industry.
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