Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Making payday lending illegal will push poor people who desperately need the cash to seek it from organized crime instead.

There’s a reason those bills get stopped and killed. They sound good on their face, but when you dig into the details they harm the people they’re supposed to help.



What's a reasonable interest rate for pay day loans? Should there be an upper limit?




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: