Payday Loans Industry in Oregon –preying rather than paying

The government officials and the consumer groups at Oregon allege that the payday loan industry is unduly exploiting the crisis situation of the borrowers. The borrowers are forced to bear the exorbitant rates of interest in hope of finding a quick fix solution to their financial crisis. All efforts by the government to enforce a standard rate of interest to bring the unbelievable high rate of interest charged have been lobbied out. The payday loan industry continues to thrive in Oregon.