John Oliver on Payday Loans

John Oliver's comedy news-in-review show on HBO, "Last Week Tonight," had an excellent segment on payday loans last night. The show was well researched and probably exposed many people to these issues for the first time. Among other things, it covers the payday industry's reliance on recidivism (citing Center for Responsible Lending research and an exhibit from a recent CFPB enforcement action), its ability to skirt state-level regulation (citing a clip of oral argument in the Ohio Supreme Court), and its attempt to hide behind tribal sovereign immunity. Great stuff. Comedian Sarah Silverman also makes an appearance with a mock public-service ad about payday loans. Watch here:




Leave a Reply

Your email address will not be published. Required fields are marked *