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Sebastian McKamey

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Are Payday Loans Really as Evil as People Say?

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?

4/6/16
49:36

The Freakonomics Radio Network

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