Oregon’s payday lenders all but gone
Quick cash – Consumer advocates claim a victory but fear residents will turn to such lenders on the Web
Sunday, July 06, 2008

The Oregonian Staff
Oregon’s payday lending industry shrank dramatically in the year since the state cracked down on the short-term lenders’ soaring interest rates.

Three out of four Oregon payday lending stores have closed, and most stores still operating depend on check cashing and other money services to stay in business.

“The politicians and the so-called consumer advocates succeeded in eradicating the payday loan business in Oregon for the most part,” said Steve Hanson, president of Oak