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Wisdom on payday lending from Oregon’s Cascade Institute

This piece in Oregon’s Stateman Journal on poverty is a must read.  Author Bina Patel examines the issue of wealth creation and the relationship between government policy and poverty. Money quote: 

Closing payday lending businesses, intended to protect the poor from entrapment in cycles of debt, eliminates their last possible form of available credit, leaving many struggling to handle unexpected crises.

Posted in industry, media coverage, Oregon, positive media coverage, regulation, states, Statesman Journal (OR)0 Comments


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