In two years or less, the number of loans made fell by 2/3, from 1.5 million to just 444K. Why is that considered a success? Over a million desires for loans was not met. Did those borrowers go elsewhere for credit or did they do without? It is just assumed that this is a good thing. Options are a better thing and at least 1 million loan applicants (could be repeat customers) lost that option.

Additionally half of the lending locations closed. No jobs for the folks that manned those locations. The chains were able to adapt but the local businesses were not. Again, why is it assumed that this is a good thing?