A Kansas coalition pushes lawmakers to reform exploitative payday loans: 'It's an injustice' | KCUR 89.3
The short-term loans are available immediately and are simple to get. But interest rates are typically very high — with an APR of up to 391% in Kansas and 371% in Missouri. Critics say payday lenders are profiting from people in need, and trap them in debt.
Source: kcur.org
