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

The full episode is no longer available for online streaming. Why?

Please continue to enjoy extra(s) from this episode.

Problems Playing Video?

Major corporate funding for the PBS NewsHour is provided by BNSF, Consumer Cellular, Leidos, Babbel, and Raymond James. Funding for the PBS NewsHour Weekend is provided by Mutual of America. For a complete list of funders for the PBS NewsHour and PBS NewsHour weekend, click here.