Ep. 241
241. Are Payday Loans Really as Evil as People Say?
Critics -- including President Obama -- say short-term, high-interest loans are predatory, trapping borrowers in a cycle of debt. But some economists see them as a useful financial instrument for people who need them. As the Consumer Financial Protection Bureau promotes new regulation, we ask: who's right?
Summary coming soon
We're working on generating an AI-powered summary for this episode. Subscribe to get notified when it's ready.
Never miss a podcast summary
Get AI-powered summaries of your favorite podcasts delivered straight to your inbox.
Subscribe for more summaries