Podknife - 241. Are Payday Loans Really as Evil as People Say? by Freakonomics Radio

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

Podcast |: Freakonomics Radio
Publisher |: Freakonomics Radio,; Stitcher
Media Type |: audio
Podknife tags |: Society & Culture
Categories Via RSS |: Documentary,; Society & Culture
Publication Date |: Apr 07, 2016
Episode Duration |: 00:49:40

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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