of loans, renewals, exorbitant fees, and even more debt, which is kind of the point. it should come as no surprise that 15 states have already banned high cost payday lending. why this is not a higher priority for the trump administration is anyone s guess. this just blows my mind, ali. if mick musclelvaney says the c doesn t make sense, fine, get rid of the agency, it doesn t mean you have to get rid of going after the bad guys. many of you out there watching us probably don t fit into the demographic where you experience payday loans. but if you get into that demographic, it is really hard. it s a model that fuels a cycle of debt. you just can t get out of it. it sounds like a relief for you when you need money for a short amount of time. people end up stuck in these loans. you think you re paying off interest, you re just paying off fees. and the interest rates are hundreds of percent a year. that s exactly how they make their money.