Daily Archives: July 18, 2015

It’s easy to have a knee-jerk reaction that payday lending is abusive. A payday loan works like this. The borrower writes a check for, say, $200. The lender gives the borrower $170 in cash, and promises not to deposit the check for, say, two weeks. In effect, the borrower pays […]

Can Other Lenders Beat Back Payday Lending?