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Alaska Gov. Mike Dunleavy has vetoed a bill that would have limited high interest rates and fees for payday loans of $25,000 ...

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Gov. Mike Dunleavy vetoed a bill Wednesday that would have capped payday loan interest rates and created a regulatory framework for the industry.

Payday loans The payday loan bill vetoed by Dunleavy would have capped interest rates and fees for loans of up to $25,000 at an annual percentage rate of 36%.