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Learn more about Measure 21
Measure 21 will limit the interest rates pay day lenders can charge consumers to 36%. Proponents argue that pay day lenders are loan sharks who take advantage of low-income people by charging them interests rates above 500%. Opponents argue that pay day lenders provide loans to people who can't get them at regular banks and the government should not regulate what interests rates they charge. See recent Measure 21 news