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Regulate Payday Lending, But Not Like This: View (Audio)
June 15 (Bloomberg) -- Bloomberg View senior executive editor David Shipley presents an editorial arguing that for the first time, the federal government is creating rules focused on the short-term, small-sum credit known as payday lending. That’s a good idea, but the plan announced by the Consumer Financial Protection Bureau isn’t the way to do it. This editorial aired on Bloomberg Radio.
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By Bloomberg NewsJune 15 (Bloomberg) -- Bloomberg View senior executive editor David Shipley presents an editorial arguing that for the first time, the federal government is creating rules focused on the short-term, small-sum credit known as payday lending. That’s a good idea, but the plan announced by the Consumer Financial Protection Bureau isn’t the way to do it. This editorial aired on Bloomberg Radio.