Many of today’s consumer loans are legal but abusive. Payday lenders and used car sellers often steer customers into costly contracts they barely understand. Low-income borrowers with jobs, and therefore, dependable cash flow to siphon off, are favored targets. Sure, there’s a sucker born every minute, as P.T. Barnum allegedly said. But now we have a federal government that’s gone backward in providing protection from predators just as they adopt sophisticated technology to ply their […]
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