The Soapbox

Hood

Joined: 08/14/1998 Posts: 2251
Likes: 2705


Yeah this would be a money loser (if your goal was to make money)


I think the exploitation of lower income people by payday lenders is generally disgraceful but you handle that on the regulatory/enforcement side, not by pushing gubmint into the payday lending business.

Of course with Mick Mulvaney in the tank for the payday lending industry, this administration certainly won't be leading the charge on tightening up lender practices.


(In response to this post by Beerman)

Posted: 04/25/2018 at 4:05PM



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Current Thread:
  Great idea, but not new. First established in 1910. -- DanTheFan 04/25/2018 3:58PM
  Good spot for Obama-Phone distribution as well :>) ** -- Tuckahokie 04/25/2018 2:50PM
  That ... doesn't sound like a good idea -- Beerman 04/25/2018 1:55PM
  Bad business model -- Stimp 04/25/2018 1:42PM
  Payday lending is designed for high risk borrowers though. -- hoolstoptheheels 04/25/2018 2:20PM
  Yeah, I'm sure that's true. ** -- hoolstoptheheels 04/25/2018 2:48PM
  No -- Stimp 04/25/2018 2:40PM
  Ahh. And it's up to the borrower to pay? Nevermind. ** -- hoolstoptheheels 04/25/2018 2:47PM
  Something for poor people only? ** -- Charleston Cav 04/25/2018 1:31PM
  Not sure. Possibly anyone needing less than $1k. -- WahooMatt05 04/25/2018 1:45PM

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