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Published: December 14, 2008
High-interest loans thrive in Oklahoma
BY RANDY ELLIS
Controversial loans in which cash-strapped customers are charged the equivalent of up to 512 percent annual interest are thriving in Oklahoma — even while some states have moved to curtail their use.

Commonly called payday loans, the high-cost loans are designed to exploit low-income people who regularly come up short on their monthly bills, said Donald Hardin , former administrator of the Oklahoma Department...

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