I’ve noticed that payday loan opponents seem to fixate on the idea of a 36% APR as somehow being “fair”, such as the reply from Samuel Bell to this post by an executive at Advance America.  I don’t see why 36% is special.  Why not 35%?  Or 37%?   Based on the fact that payday loan opponents use this number all the time, I’m going to guess it’s because…

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