February 9, 2019
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9:31Now PlayingThe Consumer Financial Protection Bureau is getting dismantled. Cenk Uygur, Joseph Sanberg, and Ana Kasparian, hosts of The Young Turks, break it down. MORE TYT
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"The nation’s federal financial watchdog said Wednesday that it plans to abolish most of its critical consumer protections governing payday lenders.
The move is a major win for the payday lending industry, which argued the government’s regulations could kill off a large chunk of its business. It’s also a big loss for consumer groups, who say payday lenders exploit the poor and disadvantaged with loans that have annual interest rates as much as 400 percent."
Hosts: Cenk Uygur, Ana Kasparian, Joseph Sanberg
Cast: Cenk Uygur, Ana Kasparian, Joseph Sanberg
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Young Turk (n), 1. Young progressive or insurgent member of an institution, movement, or political party. 2. A young person who rebels against authority or societal expectations.(American Heritage Dictionary)
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