Are Larger Pay-day Loans a Good Thing?

WMOT

Published August 29, 2011 at 12:33 PM CDT

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By AP/WMOT

http://stream.publicbroadcasting.net/production/mp3/wmot/local-wmot-983917.mp3

Nashville, TN – A Vanderbilt researcher says recently passed Tenn. legislation increasing the size and expense of pay-day loans may actually be a good thing.