Yuka Hayashi
speaker
247 appearances
9 recordings
1 series
first heard Jul 2019
last heard Aug 2020
Yuka Hayashi’s voice in public audio — every appearance, attributed to the second.
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Appearances
And that was caused in large part by a boom in refinancing of mortgages.
So compared to the delinquency levels we saw during the financial crisis, the current level is much, much lower.
But people are beginning to pay attention.
In a recent survey by the Federal Reserve, bankers said that they are beginning to tighten their lending standard.
Recently, just a couple of weeks ago, a credit card company, Discover, said that the amount of debt they have on their book that is troubled has gone up sharply, and that prompted the stock price of the company to fall sharply that day.
Well, Google says that they wanted to protect consumers from what they call deceptive and exploitative loan terms.
What Google is doing is to ban apps from their app store that offer consumer loans that charge interest rates of 36% or higher.
Yes, that's right.
There are consumer loans that charge less than 36%.
But in order for what we have viewed as payday lenders to survive, the interest rates must be much, much higher than 36%.
So imposing a rate cap of 36% effectively shuts out payday lenders from the market.
That's right.
In 2016, Google came out and said that they are going to ban advertising for payday loans from their browser.
And at that time, they also drew some criticism from the loan industry.
So there is a lot of overlap between borrowers of payday loans and users of Android phones.
According to research from a data research company called Comscore,
Less than a third of consumers from households making $25,000 or less use Apple phones, whereas over 50% of those consumers use Android phones.
And if you look at the other end of the spectrum,
and look at consumers from households making $250,000 or more, basically two in three people use Apple phones and less than one in three consumers use Android phones.
Yes, that's right.
Showing 161–180 of 247 · page 9 of 13
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