Current Events > New proposal to limit interest on credit cards and payday loans

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DifferentialEquation
05/10/19 8:42:44 AM
#15:


Maybe Bernie Sanders and AOC should propose the concept of living within your means to their constituents. It's a choice to sign up for credit cards and to use them irresponsibly. It's no one's fault but your own if you rack up a debt you can't pay off.
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There's no business to be taxed.
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Questionmarktarius
05/10/19 10:55:35 AM
#16:


DifferentialEquation posted...
Maybe Bernie Sanders and AOC should propose the concept of living within your means to their constituents. It's a choice to sign up for credit cards and to use them irresponsibly. It's no one's fault but your own if you rack up a debt you can't pay off.

When used for "ohshit!" emergencies, payday loans work.
When you keep punting the loan because of constant "emergencies", it gets out of hand quickly.

Didn't we already "fix" them, by forcing punted loans into a repayment plan or something?
sauce: https://money.cnn.com/2017/10/07/pf/payday-loans-cfpb-rule/index.html

All this is, is pandering via "evil rich bad man" fearmongering.
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