Follow the Money
MapLight, a nonprofit that crunches data to determine the influence of money in politics, aims to make government more accountable.
In February 2011, California State Assemblyman Charles Calderon introduced Assembly Bill 1158, which would permit payday lenders—suppliers of short-term, high-interest loans typically secured against a borrower’s next paycheck—to make advances of $500, up from the previous cap of $300. Payday loan recipients often put themselves in a financially precarious position; the prospect of larger loans, at interest rates topping 400 percent, threatens to trap borrowers in vicious cycles of debt....
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