The 400 percent loan, the $36,000 hotel room, and the unicorn

posted by
February 6, 2012
Competitive Enterprise Institute
by John Berlau  
Posted in Commentary

"Is a $16 surcharge on a $100 product unfair, unjust, and 'predatory?' Hardly anyone flinches, for instance, at a $16 'resort fee' on a $100 hotel room. But when it comes to short-term loans offered by non-bank institutions, mostly payday loans, politicians call for banning the practice, using dubious arguments about such loans’ true cost." (02/06/12)  

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