Should "Payday Loans" Be Outlawed?

Autor: Wright, Roderick D.
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Zdroj: Washington Informer. 9/2/2010, Vol. 46 Issue 46, p25-46. 2p.
Abstrakt: In this article the author examines whether payday loans should be outlawed. He stresses on the increasing public criticism of payday loan service. He is critical of the articles saying that the service is abusive due its high interest rates, which resulted to greater debt of more people. He adds that payday lenders who provide services to an unsecured individual are more exposed to greater risks. He also compares the services offered by payday lenders with traditional banks.
Databáze: Regional Business News