Monitoring the Cash Advance Industry’s Ties to Academic Research

Our Freakonomics that is recent Radio “Are pay day loans Really because wicked as individuals state?” explores the arguments pros and cons payday financing, that provides short-term, high-interest loans, typically marketed to and employed by people who have low incomes. Pay day loans attended under close scrutiny by consumer-advocate teams and politicians, including President Obama, whom state these lending options add up to a kind of predatory financing that traps borrowers with debt for durations far longer than advertised. Continue reading