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Mass. Retailer Sues Over Alleged High-Interest Loan Scheme

By Shayna Posses (October 13, 2017, 6:25 PM EDT) -- A Massachusetts clothing and sports retailer filed suit in federal court Thursday alleging that financial technology company Kabbage Inc. evaded state law by offering high-interest loans through an industrial bank based in Utah, which places no ceiling on interest rates for commercial loans, all the while serving as the true lender....

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