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Why Are Cash Advance Payday Loans Still Legal?

Written By Unknown on Friday, May 17, 2013 | 7:02 AM


Check cashing services - the hated underbelly of America's personal finance system. Even Republican governments hate the ururious business so much that at one time, they tried more than once to shut it down. For instance, when the first President Bush was in power, he tried to bring in legislation that would make the distribution of all government benefits through government debit cards possible so that poor people would have immediate access to their money. But those good intentions were waylaid by technology. Today, the check cashing services have been replaced by businesses that deal in cash advance payday loans. In many cases, they live alongside of their new avatar.

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