Square gets into the loan sharking business with 65% APR short-term loans

Professor59 August 17, 2020, 4:39pm 5

I still can’t tell if this is an ad, or an article warning you to avoid the thing.

16 Likes

Topic		Replies	Views
$10,600 loan from LoanMe has APR of 99.75% with $70,000 payback boing	55	6062	July 13, 2016
China's "pawn shops" have loaned $43B, mostly secured by real-estate boing	9	1070	March 22, 2019
Trump's "consumer protection bureau" will let the $50B payday lending industry gouge the poorest Americans with triple-digit interest rates boing	32	2947	January 24, 2018
California's lax usury laws means out-of-state loan sharks are charging desperate Californians 183% APRs boing	29	1678	January 29, 2018
Watch a livestream of my talk at 7pm ET tonight on the maker movement boing	11	1106	April 11, 2017