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Payday loans. Check cashing. Rent to own. Overdraft fees, minimum balance fees. Interest on credit cards, late fees & fines. Debt collection. For profit p
by gtowey 10y ago
Payday loans. Check cashing. Rent to own. Overdraft fees, minimum balance fees. Interest on credit cards, late fees & fines. Debt collection. For profit prisons. Selling the same crappy built-to-fail cheap consumer products over and over again.
I think you underestimate that when you say "loan sharks" that when you're poor every bank and financial institution basically feels like a loan shark when you pile on all the fees and hidden charges. There's no escape.
The poor are a hugely profitable market where their poverty is used like a weapon against them.