Sam Seder
@TheMajorityReport·2M subscribers·30.1K videos
Trump Making Payday Loans Great Again
Posted
November 5, 2018
Views
13,846
Likes
291
Comments
61
Engagement
2.54%
November 5, 2018
13,846
291
61
2.54%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
31:26Now PlayingIn this Majority Report clip, Trump is rolling back regulations on your favorite ninety bazillion percent loans.
We need your help to keep providing free videos! Support the Majority Report's video content by going to
" The Consumer Financial Protection Bureau will revisit a crucial part of its year-old payday lending industry regulations, the agency announced Friday, a move that will likely make it more difficult for the bureau to protect consumers from potential abuses, if changed.
The CFPB finalized rules last year that would, among other changes, force payday lenders to take into account the ability of their customers to repay their loans in a timely manner, in an effort to stop a harmful industry practice where borrowers renew their loans multiple times, getting stuck in a cycle of debt. Those "ability to repay" regulations will now be revisited in January 2019, the bureau said.
The bureau took more than five years to research, propose, revise and finalize the current regulations. The payday lending rules were the last regulations put into place by President Obama's CFPB Director Richard Cordray before he resigned late last year to run for governor of Ohio."*
Read more here
Watch the Majority Report live MF at 12 p.m. EST at youtube.com/samseder or listen via daily podcast at
Download our FREE app
SUPPORT the show by becoming a member
LIKE us on Facebook
FOLLOW us on Twitter
SUBSCRIBE to us on YouTube
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
