POLITICS

Consumer Protection Agency Seeks Limits On Payday Lenders - NYTimes.com

A customer enters a Payroll Advance location, Thursday, Nov. 6, 2008, in Cincinnati, Ohio. Voters approved an issue that upho
A customer enters a Payroll Advance location, Thursday, Nov. 6, 2008, in Cincinnati, Ohio. Voters approved an issue that upholds a state law that caps interest rates and limits the number of loans a person can make in one year. The payday loan industry - stung at the Ohio ballot box with a strict new law - is looking for other ways to do business, prompting consumer advocates to worry that lenders are finding a way around the election results. (AP Photo/Al Behrman)

In the world of consumer finance, they are chameleons: payday lenders that alter their practices and shift their products ever so slightly to work around state laws aimed at stamping out short-term loans that can come with interest rates exceeding 300 percent.

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