Paul Constant is a writer at Civic Ventures, a cofounder of the Seattle Review of Books, and a frequent cohost of the "Pitchfork Economics" podcast with Nick Hanauer.
Constant says payday loans systematically oppress low-income Americans.
He says changes like Colorado's Proposition 111, which reduced the annual interest rate on payday loans to 36% annually, show that Americans are ready to get rid of payday loans.
For more on this topic, listen to the latest episode of "Pitchfork...
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