May possibly not also surprise one to discover that the middle for Responsible Lending — the non-profit that is fighting predatory lending — that it had been launched by way of a credit union, the Self-Help Credit Union, which will probably stay to profit through the reduction of pay day loans. And therefore one of the Center’s many funders are banks along with other main-stream institutions that are financial.
MUSICAL: Bullets, “No Surprise” (from Ember Days )
You dig into just about any modern economic scenario, most people have at least one horse in every race, which makes it hard to separate advocacy and reality as you find when. So let’s get where Freakonomics Radio usually goes as soon as we wish to find somebody who does maybe perhaps not have horse within the battle: to academia. Let’s ask some scholastic scientists if the payday-loan industry will be as nasty as it appears.