Freakonomics Radio
241. Are Payday Loans Really as Evil as People Say?
- Author: Vários
- Narrator: Vários
- Publisher: Podcast
- Duration: 0:49:40
- More information
Informações:
Synopsis
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?
