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As Ky. Payday Lenders See Company Dropping, Business Seeks Forgivable Loans

As Ky. Payday Lenders See Company Dropping, Business Seeks Forgivable Loans

As people in Congress push for allowing payday loan providers to gain access to federal loans, data reveal that their company in Kentucky dropped precipitously as soon as the struck that is pandemic.

The industry processed about 20% less loans in March than it did the earlier March, in accordance with a monthly report supplied towards the Kentucky Department of banking institutions by the loan processing company Veritec Systems.