241. Are Payday Loans Really as Evil as People Say?
- Author
- Freakonomics Radio + Stitcher
- Published
- Thu 07 Apr 2016
- Episode Link
- https://freakonomics.com
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?
