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241. Are Payday Loans Really as Evil as People Say?

Freakonomics Radio
Freakonomics Radio
Episode • Apr 7, 2016 • 49m

Critics -- including President Obama -- say short-term, high-interest loans are predatory, trapping borrowers in a cycle of debt. But some economists see them as a useful financial instrument for people who need them. As the Consumer Financial Protection Bureau promotes new regulation, we ask: who's right?

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