Weekly, In Theory assumes on an idea that is big the news and explores it from a variety of views. This week weвЂ™re speaing frankly about payday lending. Require a primer? Get caught up here.
Valerie R. Wilson can be an economist in addition to manager associated with the Program on Race, Ethnicity and also the Economy during the Economic Policy Institute.
Pay day loans are promoted as an instant and effortless way to temporary cashflow issues. The payday lending experience rarely ends up being easy or temporary in reality, for most borrowers.