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That was a good podcast. It mentioned how when legislators took on payday lenders, the lenders just went out of business. There just isn't a reasonable way to
by lujim 10y ago
That was a good podcast. It mentioned how when legislators took on payday lenders, the lenders just went out of business. There just isn't a reasonable way to provide low cost loans that have a high default rate. It's like trying to outlaw gravity to prevent plane crashes. You are free to open a low cost lending operation in a rough neighborhood, but you will go out of business in a matter of weeks.