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A comment on Move to Pull Consumer Protection Rule Heightens Debate over Payday Lending. Parent comment

Re:Move to Pull Consumer Protection Rule Heightens Debate ov... by tjansen on Thursday March 07, 2019 @10:44AM (#19328920)
Because compliance with regulation requires additional work and thus costs money. As every payday lender has to do this, they will raise their fees.
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Re:Move to Pull Consumer Protection Rule Heightens Debate ov... by mikeash on Thursday March 07, 2019 @10:54AM (#19329014)
Obvious counterpoint: regulations which cap fees below the current level.
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Re:Move to Pull Consumer Protection Rule Heightens Debate ov... by tjansen on Thursday March 07, 2019 @11:38AM (#19329466)
That's not the kind regulation the article is mentioning. But generally, the effect of limiting the fees in a working market (and there is no indication here that the market isn't working in this particular segment) would be that it either has no effect, if the fees are already lower, or it de-facto outlaws payday loans.
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