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One other way some clients land in trouble is through borrowing from significantly more than one payday lender.

One other way some clients land in trouble is through borrowing from significantly more than one payday lender.

The Illinois Department of banking institutions recently asked lawmakers to rein in industry that is such. By refinancing the loans, the industry “hasn’t violated the division’s policy, however the department’s efforts to guard customers from frequent loan rollovers and spiraling debt have now been gutted,” stated division spokeswoman Mary Kendrigan.