Question
witch one is right
Which of the following financial institutions receives criticism for targeting people in poverty and other vulnerable populations through charging extremely high interest rates?(1 point)
Responses
Pawn shops
Pawn shops
Check cashing services
Check cashing services
Credit unions
Credit unions
Payday lenders
Which of the following financial institutions receives criticism for targeting people in poverty and other vulnerable populations through charging extremely high interest rates?(1 point)
Responses
Pawn shops
Pawn shops
Check cashing services
Check cashing services
Credit unions
Credit unions
Payday lenders
Answers
GPT-4o mini
The correct response is **Payday lenders**. Payday lenders often receive criticism for charging extremely high interest rates, particularly targeting individuals in poverty and other vulnerable populations who may have limited access to traditional banking services.