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NO BYSTANDERS: "Banks play a key link in the scheme" that allows payday lenders to rip off customers through extraordinarily high interest rates, says Steve Six, an plaintiffs' attorney suing banks.

Consumer Lawsuits Claim Banks Helped Payday Lenders Break Law

Banks' have a new worry on the payday lending front besides the government's Operation Choke Point: lawsuits filed by consumers. Eleven financial institutions been hit with private suits that accuse them of helping online payday lenders break the law.

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