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Tag Archives: Payday Loans
The New Financial Scam Driving Workers Deep Into Debt
By Dave Johnson If you can lure people into borrowing then you own them, sometimes literally—it’s a game as old as money itself. Regular people don’t know much about money, loan terms or the trap of debt-slavery. This enables predators … Continue reading
Posted in News from the Soul Brother
Tagged credit, debt bondage, economy, lending, money, Payday Loans, predatory lending, workplace loans
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How One State Succeeded in Restricting Payday Loans
In 2009, consumer advocates in Washington State decided to try a new approach to regulating payday loans. Like reformers in other states, they’d tried to get the legislature to ban high-cost loans outright — but had hit a brick wall. … Continue reading
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