Re:Regulators Shut Down Lending Platform (YC Alum) LendUp
by Zigurd on Wednesday December 22, 2021 @06:59PM
(#29657048)
> Why shouldn't some minority of people be allowed to lend at 43% interest if there are takers at that rate?
For the same reasons we have regulations and standards in construction, transportation, etc. Because we know that uninspected cars will leads to death and injury on the roads. So laws and regulations are there to reduce selling and using blatantly unsafe vehicles.
For the same reasons we have regulations and standards in construction, transportation, etc. Because we know that uninspected cars will leads to death and injury on the roads. So laws and regulations are there to reduce selling and using blatantly unsafe vehicles.