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Debunking McCoy’s payday lending excuse

Responding to dozens of CCI members urging him to move this bill, McCoy stated that he's worked about payday loans obtained online. And, until they are address he won't move on a state interest rate cap.

Luckily for him our bill addresses that! We checked with the Iowa Attorney General’s office and our friends at the Center for Responsible Lending and, in fact, our bill already addresses much of this problem for two simple reasons...