A defense of the short-term, high-interest ‘payday’ loan

John Berlau, senior fellow at the Competitive Enterprise Institute, discusses the Consumer Financial Protection Bureau and how its regulations affect payday loans, which are used by over 12 million consumers each year.

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Of Consuming Interest

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Of Consuming Interest is a weekly show examining the most important consumer issues today. Shirley can be reached via email at shirley@callforaction.org. Subscribe on Apple Podcasts or Podcast One.