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Opinion
The Editors

Protect Small Businesses From Predatory Lending

Too many owners sign away their rights without realizing it.

Always read the fine print.

Always read the fine print.

Photograph: Bloomberg Creative Photos

If you knew what you were doing, would you sign a contract allowing a company to sue you and take your money whenever it wanted, with no proof, warning or legal recourse? Bizarre as it may seem, aggressive lenders are using precisely such agreements to terrorize and often bankrupt small businesses across the country.

It’s a practice that the government, and New York state in particular, should curb.