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Marketplace Morning Report

It's not delivery. It's the grocery store.

Dec 5, 2019

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Have something you want Kai to explain about the economy? Let us know!
Beyond Payday Loans

On Victory Drive, soldiers defeated by debt: The story from Propublica

by Mitchell Hartman May 13, 2013
A federal law is supposed to protect service members from predatory lending. But lenders exploit loopholes, trapping military personnel in high-interest debt.
Beyond Payday Loans

A quagmire of debt and a billion dollar company: The story from Propublica

by Marketplace Staff May 10, 2013
World Finance, a billion-dollar company, peddles installment loans, a product that often drives borrowers into a similar quagmire of debt.

Beware tribal payday loans

by Marketplace Contributor Apr 26, 2013
High interest payday loans are seen by critics as a fast track to endless cycles of debt for borrowers -- and there's a new breed of payday loan to watch out for.

Could big banks help rein in payday lenders?

by Mitchell Hartman Mar 20, 2013
Payday lenders circumvented state laws by moving online, and in the process big banks became enablers (and potentially profited) from payday lending. Now Chase is making changes to protect its customers from payday lenders. Will other banks follow?
Commentary

Payday lenders need to be more transparent

by Helaine Olen Mar 8, 2013
Last week on Marketplace, a payday loan lender defended his industry, saying as long as customers did the math, he wasn't doing anything wrong. Commentator Helaine Olen begs to differ.

In defense of payday lenders

by Jeremy Hobson Feb 21, 2013
A payday lender from Kansas City, Missouri, says his business is fair, just do the math.

Payday lenders inspire mixed feelings from borrowers

by Tracey Samuelson Feb 20, 2013
New Pew report finds that payday borrowers feel both relief -- and that they are being taken advantage of.

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Ask not what Marketplace can do for you, but what you can do for Marketplace.

Commentary

The argument in favor of payday lending

by Marketplace Contributor Nov 9, 2012
Critics of payday lending say the industry is ripe for abuse and should be tightly controlled. Commentator Tom Lehman says the practice can actually be helpful, for individuals and the financial system as a whole.
Commentary

Payday loan becomes monthly ordeal

by Mark Laws Jan 9, 2012
Commentator Mark Laws found himself on a "rat wheel" trying to pay off a loan to attend his mother's funeral.
Economy 4.0

Sometimes 'payday' rhymes with 'mayday'

by David Brancaccio Jan 5, 2011
Mayday, as in the international distress signal. It is from the French "M'Aider!" or "Help Me!" Payday, as in so-called payday loans, where a lo...