Do We Want to Put Payday Lenders Out of Business? Yes or No?

News of the day involves a breaking story about the criminal or nearly criminal world of payday lending. But let’s first back up a minute and ask ourselves: Why on Earth would any thinking person ever pay 700% interest for a $300 loan from a creepy, predatory payday lender? BECAUSE THEY REALLY REALLY NEED THE MONEY, THAT’S WHY!

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