This is a web version of
The Lever’s daily email newsletter.🔥 Today’s Lever investigation (years in the making): Federal regulators have authorized hundreds of drugs without evidence they work, and many are dangerous.
👇 Spend three minutes reading this 998-word newsletter to learn about:
- How Republicans plan to sacrifice your life savings to crypto.
- Why loan sharks smell blood in the water in Maryland.
- A first-of-its-kind bill taking aim at corporate medicine.
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TODAY'S NUGGETS
🦈 A gift to loan sharks. Thanks to Democratic Gov. Wes Moore, a bill that exempts certain payday lenders from state laws protecting borrowers from exploitation and discrimination just became law in Maryland. Earned wage access lenders target mostly low-wage workers by fronting them their paycheck earlier with sky-high interest rates and excessive fees. Those predatory tactics have been somewhat reined in by Maryland regulations — but they now won’t apply to the growing payday loan market.
