In their eagerness to be rich some have wandered away from
the faith and pierced themselves with many pains. . . . 1 Timothy 6:6-10
Wouldn't readers be much better served learning how to manage their finances to save a $400 emergency fund as opposed to being told they should feel victimized when they make the conscious decision to take out a bad $400 loan? Personal responsibility is a much more effective tool than legislation. And come on no one making a $42,000 salary with max benefits should be unable to build a $400 emergency fund, many people do it on far less.Case in point on victimization- you write "The growing mountain of consumer debt piling up on the working poor and lower middle class...". No one is piling this debt on those fols, it's not magically appearing out of nowhere.
The targets for these loans don't make $42,000 and they don't enjoy benefits