Viewpoint: John Oliver skewers payday creditors. Today, how to handle their customers?
HBO’s John Oliver converted his humor-laced outrage on payday lenders Sunday, possessing all of them, movie star pitchman Montel Williams as well as their legislative partners up for many well-deserved teasing.
Citing research that discovered 75% of payday advance loan happened to be put aside by people that wanted to receive another mortgage before their own basic one is refunded, Oliver believed, “Basically, cash loans are considered the Lays chips of fund. […]