This report summarizes a survey of a sample of one hundred Internet sites offering payday loans and explores the additional risks to consumers who borrow from distant lenders by providing access to personal bank accounts to receive loan proceeds and make payments via electronic funds transfer. Internet payday lending is the latest ploy used by small loan companies to evade consumer protections and usury laws in the state where borrowers apply for and receive loans and few state regulators have attempted to enforce state credit laws against online lenders.

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