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Home > Freakonomics Radio > Are Payday Loans Really as Evil as People Say?
Podcast: Freakonomics Radio
Episode:

Are Payday Loans Really as Evil as People Say?
Category: Society & Culture
Duration: 00:49:40
Publish Date: 2016-04-06 22:00:00
Description: 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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