How a new class of online lending apps, which promise to "advance" users' wages, are much the same as traditional payday lenders (Sidney Fussell/The Atlantic)

How a new class of online lending apps, which promise to "advance" users' wages, are much the same as traditional payday lenders (Sidney Fussell/The Atlantic)


Sidney Fussell / The Atlantic:

How a new class of online lending apps, which promise to “advance” users’ wages, are much the same as traditional payday lenders  —  Apps promising to “advance” a user’s wages say they aren’t payday lenders.  So what are they?  —  Jonathan Raines needed money.  An app promised to help.

How a new class of online lending apps, which promise to "advance" users' wages, are much the same as traditional payday lenders (Sidney Fussell/The Atlantic)
Source: Tech Meme