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  1. Federal legislation of payday loans is really a victory for states’ liberties

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    Federal legislation of payday loans is really a victory for states’ liberties

    Why the us government must intervene to limit lending that is predatory

    Back 2014, throughout the first season of their hit HBO show “Last Week Tonight,” John Oliver took regarding the payday loan industry. Boggled by loans that carried up to and including 1,900 percentage that is annual (APR), Oliver offered up a revised version of the “Lion King” theme track. “It’s the circle of financial obligation!” he sang. “And it screws us all.” Oliver explained that the outrages associated with loan that is payday couldn’t be stopped because “they are extremely proficient at avoiding legislation.”

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