[colorado tanker]

I recognize the payday loan business has an unsavory reputation, but they fill a need. There is a large group of unbanked people in the U.S. who function with money orders, gift cards, wire transfers - and payday lenders. They have their reasons.

Putting the lenders out of business would not push these people into banks, but into the hands of loan sharks.

[upchuck]

Putting the lenders out of business would not push these people into banks, but into the hands of loan sharks.

The lenders are loan sharks.

You would not believe some of the stories I'm told as a triage interviewer at a local clothing/food bank. Perpetual debt is the name of their game. Bunch of predatory, lowlife, scumbag bastards!

[andyk]

Agreed. You’re not helping these people by taking away what is sometimes their only option. There is an element of personal responsibility here.