« Freakonomics Radio

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

2016-04-07 | 🔗
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?

To view this and other transcripts, as well as support the generation of new transcripts, please subscribe.