PBS NewsHour

Consumers may lose out in proposed payday lending changes

Clip: 02/10/2019 | 4m 27s

In a major win for the payday lending industry which gives quick loans at exorbitant interest rates, the Consumer Financial Protection Bureau is proposing changes to regulations that protect borrowers from being trapped in long-term debt. Ken Sweet, Associated Press’ business reporter, joins Hari Sreenivasan for more.

Aired: 02/10/19

Rating: NR

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