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Wednesday, February 22, 2006

Debt con Part 2

In real debt related news, the U.S. Supreme Court yesterday, "ruled 7-1 that predatory payday lenders can force consumers into arbitration, even if their loans are illegal under state law." (Source: U.S. PIRG Consumer Blog: Supreme Court Backs Predatory Lenders.)

Now, that does not surprise me.

Posted by Marie at February 22, 2006 9:29 PM

Comments

For whatever reason, those payday lenders are rife down in Florida where my in-laws live. Just the notion of borrowing against an upcoming paycheck always sounded bad to me. I kind of figured the whole industry was predatory.

What's with the ads?
K-

Posted by: Kem White at February 23, 2006 7:43 AM