[DOWNLOAD] "Payday of Reckoning: New Laws Aimed at Kneecapping Payday Lenders will End up Hurting the Poor" by Reason # eBook PDF Kindle ePub Free
eBook details
- Title: Payday of Reckoning: New Laws Aimed at Kneecapping Payday Lenders will End up Hurting the Poor
- Author : Reason
- Release Date : January 01, 2009
- Genre: Reference,Books,Religion & Spirituality,
- Pages : * pages
- Size : 70 KB
Description
THE PAYDAY LOAN STORE is white, almost antiseptic, except for the large colorful posters in English and Spanish announcing fast loans, check cashing services, money orders, and prepaid debit cards. The location is a small storefront in suburban Virginia, a few blocks from the last stop on the Washington, D.C., Metro yellow line. The scene bears little resemblance to the gritty loan-shark image evoked by the many powerful critics of "predatory lending."' The only hint of seediness is the large sheet of tinted, presumably bulletproof glass separating the weary clerk from loan seekers. Why do people here and elsewhere seek short-term, high-interest loans, using a chunk of their next paycheck as collateral? Well, what would you do if you needed $200 RIGHT NOW?