Follow us on Facebook
 

John Oliver, Sarah Silverman Join Forces to Hit ... Payday Loans

Consumers, do 'literally anything else' for money, they say

By Evann Gastaldo,  Newser Staff

Posted Aug 11, 2014 10:20 AM CDT
Share on Facebook Share on Twitter Share via Email

(Newser) – On last night's Last Week Tonight, host John Oliver and guest Sarah Silverman took on a very important issue: payday loans. The predatory industry is worth $9 billion and the loans "are terrible for you," Oliver warned, noting that interest rates can be as high as 1,900%—meaning the often-poor consumers must sometimes take out more loans to pay for the first loan. Silverman then issued a PSA advising that anyone who really needs money earn it by doing "literally anything else," Salon reports. The show airs Sunday nights on HBO.

Loading... Please wait
My TakeCLICK BELOW TO VOTE
1%
1%
3%
85%
3%
7%
To report an error on this story, notify our editors.

NEWS FROM OUR PARTNERS
Other Sites We Like:   The Street   |   HitFix   |   PopSugar Tech   |   RealClear   |   24/7 Wall St.   |   The Frisky   |   Owler