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Interest on loans is today generally admitted.
The shield on these loans is called a safe harbor.
The founder of Quicken Loans is betting big on Detroit.
Bankers say that the pipeline of troubled loans is dwindling.
The incidence of non-performing loans is rising.
Among private banks the share of troubled loans is 4%.
The bulk of those loans is denominated in dollars.
For starters, the reduction in non-performing loans is deceptive.
Handling defaulted loans is more lucrative than handling performing ones.
But demand for its loans is wavering (see chart).
Collecting on defaulted payday loans is labor-intensive.
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