A recent Wall Street Journal article discusses how Congress’s rush to punish banks and other financial institutions may actually be hurting those same low-income earners again by limiting payday lending. Payday lend shops lend between $100 and $500 for short periods in advance of a customer’s next payback, however, Obama has added them to his list of financial villains in his State of His Re-Election address.
Read the entire article here.
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