America’s middle-income group Is hooked on a brand new form of Credit

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Supply: Getty Photos

Supply: Getty Graphics

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The payday-loan company was at decrease. Regulators had been circling, storefronts had been vanishing and investors were abandoning the industry’s biggest companies en masse.

Yet today, just a couple of years later on, lots of the exact same subprime lenders that specialized within the financial obligation are promoting a very nearly similarly onerous kind of credit. (more…)

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