/ labor, economics, tech, policy / susie dot cagle at gmail / "I'm here to win but I'm also here to make friends." -Jimmy, Masterchef Jr.
Affirm founder was CTO of PayPal. Loans are made by Cross River Bank, which raised $28M in VC in 2016.https://www.crunchbase.com/organization/cross-river-bank#/entity …
Got this ad on Instagram for $393 cotton pants available via subprime loan. Tell me again, what are Millennials killing?pic.twitter.com/Z3YLlmCsjk
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It seems like a lot of what passes for "fintech" these days is just selling people on loans w/ interest rates that exceed state usury laws.
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Wow uh cool article based on my tweethttps://theoutline.com/post/2160/affirm-subprime-loans-predatory-lending …
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I'll have my own feature on these loan services out soon
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And I won't be tweeting about what I'm working on less someone else use it as a pitch for their own story
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(who the fuck does that)
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It's always fair to get your story ideas and headline jokes from other people's tweets. Twitter's public after all!
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My feature on those pants loans:https://www.racked.com/2017/11/29/16710502/affirm-loan-shopping …
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Think of how much avocado toast you could buy with $393.
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They aren't even nice pants. (Yes, I know that's not the point).
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I think I may be part of the point. Some people will buy these pants because they are expensive, not because they are nice.
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Common fucking sense?
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ourselves, slowly
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