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In May, Google lifted payday loan nashville ads denying payday lenders that require repayment within 60 days and depends with interest rates above 35 percent would no longer be approved or limited starting July 13.

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Dijkema: Banning payday loan shops isn’t the solution There are 12 states in the country where payday loans are completely banned, but there are many more in which the industry is restricted in some way or another. In fact, only six states have no cash advance interest ceiling whatsoever.