What is Doc White's opinion on Payday Loans?

Doc White's opinion on payday loans is that they are "legalized robbery" preying on low-income families. This perspective highlights the predatory nature of payday loans, which often come with extremely high interest rates and fees that can trap borrowers in a cycle of debt. These loans are typically marketed as quick and convenient solutions to immediate financial needs, but they can lead to significant financial distress, particularly for those with limited resources. By characterizing them in such a stark manner, Doc White emphasizes the ethical concerns surrounding the payday loan industry and its impact on vulnerable populations, suggesting that instead of providing genuine financial relief, these loans often exacerbate economic challenges for low-income families.