Need to Know’s Stacey Tisdale travels to Missouri, where activists are collecting signatures for a ballot initiative that would cap payday loan rates at 36 percent. (Some now charge more than 400 percent.) Supporters of the measure say the measure would protect the poor from usurious loans. Opponents say it would hurt the very people it’s designed to help by denying them the only loans they can get.
Anchor Jeff Greenfield interviews journalist Gary Rivlin, who has written extensively about extra charges placed on the poor. He says “it’s expensive being poor.”
The “American Voices” essay features Cy Richardson. He is a vice president at the National Urban League, where he is responsible for programs that “promote asset building and wealth creation for people of color in urban America.”
What’s on this week: