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Obvious counterpoint: regulations which cap fees below the current level.
by mikeash 8y ago
Obvious counterpoint: regulations which cap fees below the current level.
- tjansen 8y agoThat's not the kind regulation the article is mentioning. But generally, the effect of limiting the fees in a working market (and there is no indication here that the market isn't working in this particular segment) would be that it either has no effect, if the fees are already lower, or it de-facto outlaws payday loans.