predatory payday lending: today's debt slavery

The following are quotes from the chapter on predatory payday lending. For the full chapter please purchase the book.

The poor are being cheated out of billions of dollars by an unholy alliance of business and government known as the payday loan industry.
— Michael Gerson
 
The reasons that someone who is poor might need fast cash and not be able to get it are often not the result of personal sin or outsized wants.
— Stephanie Summers
Little did she know that this small, short-term loan – a payday loan – would cast her into a spiral of debt and anxiety for several years.
— Katie Thompson