Elizabeth Warren Wants A Public Option For Banking By Using The Post Office

By: Tuesday February 4, 2014 6:45 am

As we have seen in the last few years much of the banking industry is exploitative and socially useless, but payday lenders may be in a class all their own. They exploit the most vulnerable Americans with disgustingly high interest rates. Interest rates no other Americans would pay.

Now Senator Elizabeth Warren is proposing an alternative method.

Changing the Subject Doesn’t Make Payday Lending in PA a Better Idea

By: Sunday October 7, 2012 7:00 pm

As we’ve explained before — and as the U.S. military, U.S. Congress, and former President George W. Bush have all agreed — payday loans are a debt trap that further impoverishes low-income families, driving more of them into bankruptcy. Pennsylvania should leave in place the strong regulations that make use of payday loans much less common here than nationally.

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