Payday loan providers have now been raking it in through the pandemic by preying on susceptible People in america. It’s time Congress did one thing to prevent them.

By |February 4th, 2021|

Payday loan providers have now been raking it in through the pandemic by preying on susceptible People in america. It’s time Congress did one thing to prevent them. The US government has fallen woefully short of providing the public with the resources they need to survive this health and economic crisis since the pandemic hit. Around the world, folks are dealing with cuts to jobless advantages, mass evictions, and loss in medical coverage, but lawmakers continue catering to corrupt companies like predatory lenders that are payday. Congress is currently deliberating for a fifth COVID-19 financing package. While predatory loan providers received interest-free loans in previous bailouts, this time lawmakers must make certain maybe not anything of federal government aid gets to the hands of this payday financing industry. […]