Fortunately, #PaydayLoans are de-facto #illegal in #Germany because they not only violate expectable terms and conditions but essentially are what's called "#Sachwucher" or "effective extortive terms" and require a desperate, "inexperienced or otherwise not able to consent informed" individual, which makes said deals #exploitative and thus a felony, because #ConsumerProtection is something that exists in the #EU in general!

#USpol #Finance #PaydayLoan #LoanSharks #Billionaires #AndressenHorrowitz #LarryEllison #Enshittification #WorkingPoor #AntisocialSystem #Employment #Precariat #Insecurity #USA #US