Tech Companies Want to Replace Payday Loan Shops
http://www.psmag.com/nature-and-technology/basically-its-an-app-that-keeps-poor-people-poor-the-vcs-will-love-it
"These start-ups are slicker payday loan sharks with marginally better
interest rates and a greater pool of consumer data to draw upon--data
that could in some cases push digital lenders to charge customers
more, rather than less."
- - -
Keeping the poor even poorer -- with technology!
--Lauren--
Lauren Weinstein ([email protected]): http://www.vortex.com/lauren
Founder:
- Network Neutrality Squad: http://www.nnsquad.org
- PRIVACY Forum: http://www.vortex.com/privacy-info
Co-Founder: People For Internet Responsibility: http://www.pfir.org/pfir-info
Member: ACM Committee on Computers and Public Policy
Lauren's Blog: http://lauren.vortex.com
Google+: http://google.com/+LaurenWeinstein
Twitter: http://twitter.com/laurenweinstein
Tel: +1 (818) 225-2800 / Skype: vortex.com
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