Political Quotes

Raja Krishnamoorthi: “Most types of lenders make money when loans are repaid, but payday and auto title lenders succeed when their borrowers…”

On the recordMay 15, 2019
Most types of lenders make money when loans are repaid, but payday and auto title lenders succeed when their borrowers fail.
Said by
Raja Krishnamoorthi
Democratic · Illinois

Editor's note · Context

Explaining the profit model of payday lenders, which relies on borrower failure.

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