We are asking our viewers to tell us about your experiences with it loans and if you think you regulations are needed. Phone lines are open if you want to start calling in. You can catch up with us on social media. Morning. Od monday we are talking about payday loans. . O they need more regulation after the Consumer Financial Protection Bureau came up with a slate of new proposed rules last week, here is the New York Times story about the payday loan industry which is vilified for charging Interest Rates on shortterm loans that Many Americans depend on could soon be gutted by a set of rules that regulators plan to unveil last week. The Washington Post in their story goes over exactly what those new rules would do. If enacted, the rules would require lenders to verify that borrowers can afford the loans and cap the number of times people can take up success of loans. The Washington Post talks about why this is happening. The bureau says because of the way the loans work now, borrowers w
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