Wednesday, September 29, 2010

Predatory Lending: Hollow victory for opponents of Car Title Lenders

The law to regulate Car Title Lenders takes effect today.  While any regulation is seen as an improvement over the previously non-regulated industry, most Consumer Advocates and opponents of Car Title Lending view the changes as hollow and at best only symbolic.  

This is yet again another example of what our collective society is willing to allow to promote the principles of free markets and capitalism.   Liberty that equates financial success at the expense of ethical principles is not liberty. 

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