Trump administration rolls back payday loan protections, which could affect millions of young people
February 06, 2019 at 15:41 PM EST
The consumer watchdog agency plans to abandon Obama-era rules that aimed to make payday loans safer, even as millions of millennials are turning to these risky loans. "It's a complete dismantling of the consumer protections finalized in 2017," says Pew senior researcher Alex Horowitz.
