http://archive2.mrc.org/taxonomy/term/15608/all en http://archive2.mrc.org/articles/maddow-people-not-smart-enough-know-400-percent-interest-bad-therefore-federal-govt-needed <div class="field field-type-nodereference field-field-source"> <div class="field-items"> <div class="field-item odd"> <div class="field-label-inline-first"> By</div> <a href="/author/jeff-poor">Jeff Poor</a> </div> </div> </div> <p>It doesn’t take a rocket scientist to realize that so-called <a href="http://www.investopedia.com/terms/p/payday-loans.asp"></a>payday loans probably aren’t the most reasonable option when it comes to short-term borrowing. But according to MSNBC’s Rachel Maddow, it takes the federal government to let you know.</p><p>On her April 28 program, Maddow charged that these lenders engage in unscrupulous practices, despite offering a service that their clientele is willing to buy.</p><p><a href="http://archive2.mrc.org/articles/maddow-people-not-smart-enough-know-400-percent-interest-bad-therefore-federal-govt-needed" target="_blank">read more</a></p> Articles MRC Business Government financialrefor maddow paydaylending Thu, 29 Apr 2010 16:56:18 +0000 admin 27295 at http://archive2.mrc.org