We have a financial system that has played to people's weaknesses. We have allowed people who are prone to instant gratification to have as much credit as they could get their hands on.
Read Whole Story
Unless someone is capable of changing the American psyche, people are going to go back to their old spending habits.
Because of Johnson, the tax refund business might stick around, luring in more millions of Americans.
I'm not sure where the payday lending businesses came from, but they populate poor neighborhoods everywhere. It's time to help people on the low end, too.
Get top stories and blog posts emailed to me each day. Newsletters may offer personalized content or advertisements. Learn more.