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States of Innovation: Small Loans, Large Cost

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Manage episode 280758607 series 1345661
Content provided by The Pew Charitable Trusts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Pew Charitable Trusts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Stat: 12 million: The number of Americans who use payday loans each year.

Story: Payday loans can help people facing an unexpected financial crunch—but can also bring unexpected problems. Ohio adopted an innovative new law to protect consumers who were being dragged into a cycle of debt by the very loans they thought would help them. We learn more from Nick Bourke, who directs Pew’s consumer finance work, and Pastor Carl Ruby, who saw the downside to the loans and helped lead the fight to change the law.

  continue reading

176 episodes

Artwork
iconShare
 
Manage episode 280758607 series 1345661
Content provided by The Pew Charitable Trusts. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Pew Charitable Trusts or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Stat: 12 million: The number of Americans who use payday loans each year.

Story: Payday loans can help people facing an unexpected financial crunch—but can also bring unexpected problems. Ohio adopted an innovative new law to protect consumers who were being dragged into a cycle of debt by the very loans they thought would help them. We learn more from Nick Bourke, who directs Pew’s consumer finance work, and Pastor Carl Ruby, who saw the downside to the loans and helped lead the fight to change the law.

  continue reading

176 episodes

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