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Payday loan firms given 12 weeks to switch or be put out of business but ministers block cap on sky-high interest rates, Daily Mail Online

By Matt Chorley and Gerri Peev for the Daily Mail 00:52 GMT 06 Mar 2013, updated Nineteen:11 GMT 06 Mar 2013 Latest From MailOnline Controversial industry faces unlimited fines for cracking fresh rules But firms will escape statutory cap of their rates Millions turned to fresh loan companies after credit from banks dried up Payday loan companies are to escape ...

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