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Jul 14, 2014 5:36 PM by Jason Allen

Payday Lenders Audit Results

Supporters say payday lenders provide a valuable service to borrowers who live paycheck to paycheck and do not qualify for other loans. But now a scathing state audit shows what some of those borrowers are actually paying in interest and fees -- and why critics call the short-term loans a trap. Today at 6, KATC's Akeam Ashford finds out what auditors say some of these lenders are getting away with.

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