TIME TO END THE PAYDAY SCAM Here’s the problem. Rhode Island Payday loans carry 260% annual interest rates. Ours is the only state in New England that continues to allow this practice. What these loans are in fact are traps for the working people of our state, ensnaring them in a downward cycle of indebtedness, draining millions of dollars a year from individuals and, of course, our communities. Let’s be frank about this. People used to go to hell for... Read more