Charlie Turner

speaker

4,985 appearances 165 recordings 1 series first heard Jul 2017 last heard Aug 2021

Charlie Turner’s voice in public audio — every appearance, attributed to the second.

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Thanks, Rich. voice-verified

Sure. voice-verified

Thank you. voice-verified

And that's your Money Briefing. voice-verified

I'm Charlie Turner for The Wall Street Journal. voice-verified

WSJ Your Money Briefing · Payday Loans Get a Bit Easier to Obtain · 9 Jul 2020 podcast

your Money Briefing for Thursday, July 9th. voice-verified

I'm Charlie Turner for The Wall Street Journal. voice-verified

High-interest short-term loans, called payday loans, have been a controversial way of getting some quick cash. voice-verified

Now the Trump administration has made good on a promise to make them easier to get. voice-verified

That's our reporter Yuka Hayashi. voice-verified

She'll join us to explain the rule change and the debate it's ignited after the break. voice-verified

The Consumer Financial Protection Bureau is rolling back an Obama-era rule that was designed to rein in payday lenders. voice-verified

Our reporter Yuka Hayashi is here to talk about what that means for payday loans and for the consumers who rely on them. voice-verified

First, Yuka, remind us what payday loans are and what their purpose is. voice-verified

And why are payday loans risky? voice-verified

What do payday lenders say in defending these kinds of loans? voice-verified

Okay, so talk about the changes the CFPB is making. voice-verified

So what could the impact of this be both on banks and on consumers who might take out payday loans to borrow money? voice-verified

Well, what's been the reaction to the changes from other parties such as consumer groups and politicians? voice-verified

How likely are banks and other lenders to get back into the payday loan business? voice-verified

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