One problem using the payday-lending industry—for regulators, for loan providers, for the general general public interest—is so it defies simple intuition that is economic.

One problem using the payday-lending industry—for regulators, for loan providers, for the general general public interest—is so it defies simple intuition that is economic. For example, in many industries, more competition means reduced charges for customers. That maxim certainly helped guide the deregulation of this fringe financing business when you […]