Economy Feb 10 Watch 4:27 Consumers may lose protections in proposed payday lending changes 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’… By PBS NewsHour
Economy Feb 06 Financial watchdog to gut its payday lending rules Consumer Financial Protection Bureau is getting rid of a requirement that lenders make sure borrowers could afford to repay a payday loan without being stuck in a cycle of debt, a standard known as "ability to repay."… By Ken Sweet, Associated Press
Dec 15 Watch Life in the cash economy for “underbanked” Americans Nearly 20% of low income US households are "underbanked," according to the FDIC. But is providing access to traditional, mainstream financial services the best solution for everyone? A professor does double duty as a New York City check casher and… By PBS News Hour