From Morning Edition: Consumer Protection Bureau Takes On Payday Loans

I for one think this is way over due! Those insanely high rate loans need to be prosecuted for abusing power!


The recently created Consumer Financial Protection Bureau went on the road to hold its first public hearing. The bureau traveled to Birmingham, Ala., to talk about payday lenders. In Alabama, there are four times as many store-front payday businesses than there are McDonalds.

from Morning Edition

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