Congress Won’t Stop Payday Lenders From Screwing Consumers During Pandemic

Payday lenders are still charging consumers exorbitant interest rates in the middle of the pandemic, with rates hitting as high as 800%. Congress hasn’t taken any action on these predators since the Consumer Financial Protection Bureau loosened the rules for them. But now is the time to act. Americans are suffering and these “lenders” are taking full advantage of workers who can’t make ends meet. Ring of Fire’s Farron Cousins discusses this.