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Nobody is saying not to allow payday loans. What's being said is to stop the unethical and usurious lending practices. I'm sorry, but being a "useful tool" is N

• Karunamon 11y ago
  Those two things are flatly equivalent, because short term loans do not work without high interest rates to both make the loans even a little profitable and to offset the absurd risk. High interest rates are not automatically abusive just because you'd like them to be.