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</html><description>On August 6, New York's financial regulatory agency took aim at online payday lenders, who "offer short-term loans at interest rates that often exceed 500 percent annually." As the New York Times reported, the state's financial regulator sent letters to 35 of the online lenders, instructing them to &#x201C;cease and desist&#x201D; from offering loans that [...]</description></oembed>
