Interest rates reach nearly 700% in some states as debate over how to regulate payday loans continues

Asha Clark doesn’t have any savings. She works full-time. She earns a minimum wage, making phone calls as a customer service representative. In Las Vegas, Nevada, where she lives, that’s $8.25 an hour. Sometimes, her paycheck isn’t enough to cover all her bills. Those are times that Clark would take out a payday loan.

Related: Trump administration to roll back Obama-era payday loan protections

I went to my bank and got a personal loan from them to pay that loan off. I was like: ‘I can’t keep paying $800 a month per loan’

Related: ‘Legalized loan sharking’: payday loan customers recount their experiences

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