Alfredo Martinez

How Will Payday Lenders Be Affected by New Bill in Congress?

Didn't the Nobel Peace Prize go to a group of economists that pioneered the concept of giving small loans (at a profit) to poor people? How is this any different than what these Payday Loans places do?

By shutting down these places, this group of people will only be sent into the arms of loan sharks and other unregulated and unsavory sources.