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Sunday, March 29, 2015

Payday Loans and Predatory Politicians

Payday Loans and Predatory Politicians



Excerpt:



"Populist politicians argue that they’re trying to “protect” poor people from “predatory” lenders. But what they’re really doing is taking away the last recourse -- from the already severely limited options -- for poor people in urgent financial need.
Before seeking to regulate payday lenders into submission — or oblivion — it’s important to ask: what’s the alternative?"



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