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The contributors to the Consumer Law & Policy blog are lawyers and law professors who practice, teach, or write about consumer law and policy. The blog is hosted by Public Citizen Litigation Group, but the views expressed here are solely those of the individual contributors (and don't necessarily reflect the views of institutions with which they are affiliated). To view the blog's policies, please click here.

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Monday, January 23, 2017

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S. Arjumand Mansour-Mubaarak

I have seen first hand how some of my young coworkers get ensnared in the payday loan vicious cycle. They may use the money to pay for a car repair, then struggle week after week. Payday loans should at least be restructured to be self liquidating with a declining principal balance.

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