“Saying that people who are in hard financial straits need access to this kind of credit is sort of like giving a starving person rotten food,” Whitney Barkley-Denney, senior policy counsel at the Center for Responsible Lending, told The Intercept. “It makes them sicker than they were in the first place. People who borrow with payday loans find themselves facing bankruptcy, foreclosure, and worse. So the solution to the problems so many people face is higher wages and better jobs, instead of loans that sink them further and further into financial insecurity.”
