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Viewpoint: Payday Lending's Steep Cost Isn't Just in Fees

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Payday lending and violent crime are related. The availability of relatively large amounts of cash in distressed neighborhoods at readily identifiable locations accounts for this connection.

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Facebook's securities filings show its Facebook Credits digital currency business is exploding. Does it pose a serious threat to banks?
Yes. Facebook Credits threatens to cut off banks from transactions and customer data.
No. A system the enables users to pay for online games and page upgrades is a harmless niche.
Maybe. It depends on whether Facebook makes an aggressive move into ecommerce.
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