Americans are free to be suckers
Many of today's consumer loans are legal but abusive. Payday lenders and used car sellers often steer customers into costly contracts they barely understand. Low-income borrowers with jobs, and therefore, dependable cash flow to siphon off, are favored targets. Sure, there's a sucker born every minute, as P.T. Barnum allegedly said. But now we have a federal government that's gone backward in providing protection from predators just as they adopt sophisticated technology to ply their craft. Criminals now use AI to generate fake images and scrub their pitches of misspellings and odd ...
