claim: payday lenders profit "from the poor by charging 1,000-plus" percent "interest."
author: wendy davis
evidence_1: nov 12, 2018 ... the already astronomical interest rates for payday loans in utah are rising ...  hook and financially drain the poor, but defended by lenders as a needed ...  gibson adds that the highest 1,500-plus percent interest charged likely ... also,  state data show customers are borrowing less, which could cut into profits.
evidence_2: jan 15, 2014 ... half true, we concluded, finding average effective interest rates to be lower. ...  do payday lenders charge "1000-plus" percent interest? ... wendy davis said  payday lenders profit by charging 1,000-plus percent interest. ... payday lenders  profit "from the poor by charging 1,000-plus" percent "interest.".
evidence_3: jul 1, 2018 ... as treasury secretary, tim geithner criticized predatory lenders. ... poor people':  how private equity firms make money offering loans to cash-strapped ... of dollars  in processing fees, insurance and other items, plus interest. .... “some of the  largest private equity firms today are supercharging the payday and ...
evidence_4: greg abbott was "charged with overseeing the state cancer research fund. ...  payday lenders profit "from the poor by charging 1,000-plus" percent "interest.".
evidence_5: dec 31, 2013 ... the interest on a cash america loan is actually 533 percent on a ... an industry  that profits from the poor by charging 1,000-plus interest is put at ...