Entries by luisgarcia

Payday lending is not harmful to low income borrowers

By Thaya Brook Knight According to the Consumer Financial Protection Bureau and consumer advocacy groups, payday lenders pose a threat to low income borrowers. But aside from the paternalism (and whiff of classism) inherent in the CFPB’s recent regulatory proposal, the arguments against payday lending just don’t stack up. If anything, they show that payday […]