The second episode of the six-part Netflix docu-series ‘Dirty Money’ is on payday loans and should be seen.
Payday loans have grown into a booming predatory business over the past decade. The cost of borrowing exacted through transaction and ‘administrative’ fees effectively circumvent criminal interest rate prohibitions and are helping to keep poor people poor. Greater protections from predatory financial products and services are much needed and are a vital part of the financial and social strengthening phase ahead.
Here is a direct link to the trailer for the series.
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