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Tue, Dec

Once Again, CA Payday Lenders Get a Pass

CAL MATTERS--When phone bank worker Melissa Mendez, age 26, felt financially squeezed a few months ago—“I was short on cash and needed to pay rent”—she walked into a Cash 1 storefront in Sacramento and took out a payday loan. The annual interest rate: 460 percent.

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Like Being Hit by Lightning

GUEST COMMENTARY-Prop 47 ushered in an increase in property crime statewide because many theft offenses were made inconsequential misdemeanors that carried little likelihood of incarceration.

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