Payday lending getting out of control as pandemic causes people to lose source of income

As the COVID-19 pandemic continues to have a presence throughout the country, Americans who have come under financial stress have turned to payday lending after losing their source of income.

Policy Matters Ohio Project Director of Asset Building Kalitha Williams discussed the various types of short term loans, how they affect consumers and what is being done to make these loans more fair on America’s Work Force Union Podcast. Continue reading