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The lie has spread to India

April 6, 2010 | industry, international | Comments (0)

From a Reuters report on Treasury Secretary Geithner’s trip to India: 

The US also has around 17 million people without a bank account, according to the Federal Deposit Insurance Corp. Many of these people were victimised by predatory practices of unregulated financial firms such as payday lending shops in the years running up to the financial crisis of 2008-09. 

Of course, ALL payday lending customers are banked and the industry had NOTHING to do with the financial crisis.

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