U.S. crackdown on payday lenders sharpens political battle lines
June 02, 2016 at 13:37 PM EDT
WASHINGTON/NEW YORK, June 2 (Reuters) - The U.S. government's move on Thursday to restrict payday lenders' ability to profit from high-interest loans marks its first crackdown on an industry accused of preying on desperate consumers but also viewed as a last-ditch source of money.
