X

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

(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. (Read more John Oliver stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X