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By 03/21/2014

How Silicon Valley and Wall Street Investors Profit From 300% Interest

As tough new laws squeeze the so-called “payday” lending industry, big investors are stepping in to help push triple-digit interest rates on customers who can least afford it.

An exclusive WhoWhatWhy investigation has uncovered new tactics—and in some cases “front” companies—allowing payday lenders to profit just beyond reach of state and federal laws.