For more than two decades, America's bank deserts have been afflicted by convenient access to payday loans. As alluring as giant bottles of soda pop, this consumer-friendly form of credit may look refreshing, its critics contend, but it leaves a bitter aftertaste of misery and exploitation. Sometimes these critics have a point. Yet despite instances of egregious tactics–and despite persistent calls for stricter regulation of the industry–consumer demand for short-term, high-interest, uncollateralized credit remains strong. Entrepreneurial reform is happening across all sectors of the financial services industry, and, as Greg Beato writes in the December issue of Reason, a wave of consumer-oriented lending institutions is starting to hit critical mass.
Penguin Random House Employees Broke Down in Tears at Thought of Publishing Jordan Peterson's Next Book
"He is an icon of hate speech and transphobia."
Denver Mayor Michael Hancock Urged People Not To Travel for Thanksgiving Shortly Before Boarding His Flight
The mayor is traveling to Mississippi to spend the holiday with his wife and daughter.
Cops Who Beat and Killed an Innocent Man Are Not Entitled to Qualified Immunity, Appeals Court Rules. But the Cops Who Watched Are.
The legal doctrine provides rogue government agents cushy protections not available to the little guy.
SCOTUS Blocks New York's COVID-19 Restrictions on Houses of Worship, Saying They Are Not 'Narrowly Tailored'
Gov. Andrew Cuomo described his policy as a "fear-driven response," cut by a "hatchet" rather than a "scalpel."
Giant Metal Monolith Discovered In Utah Desert Possibly Extraterrestrial, Definitely a Code Violation
Little gray men encounter reams of red tape.