Payday lenders: If the target is easy enough, constitutional rights don't matter
Obama turns the regulatory state into a quasi-legislature
By Dan Calabrese —— Bio and Archives--June 6, 2016
American Politics, News | Comments | Back To Full Article
If you’re familiar with payday lenders, you probably know that the manner in which they lend money is – shall we say – not the wisest way to access capital. They lend money against people’s paychecks (almost exclusively to low-income people who have a hard time getting conventional credit), and the typically roll over the loans each pay period, adding to the interest owed each time they do.
This is not how you want to borrow, if you do at all, and there’s a lot to be said for regulating the way this industry works, and that’s a matter that’s always been left to individual states to decide.
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