Why the $40-billion-a-year payday lending industry fears financial reform on Capital Hill.  As the Senate nears a vote on a financial reform package, I wrote this piece for the Huffington Post.  Less popular than the country's cigarette makers, and charging fees that can top 652 percent if expressed as an annual interest rate, the payday lenders ask themselves if they can live another year given general sentiments toward any industry charging subprime rates. Sen. Dick Durbin, D-Ill. (photo), plays a starring role with Sen. Kay Hagan, D-NC, making an interesting cameo.


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