(AURN/Washington) — President Obama has been concerned for a while over issues of abuse by the pay day loan industry.
Now he is creating a new position focused on cutting into the financially destructive behaviors of some payday lending offices. White House Correspondent April Ryan has the story. LISTEN:
President Barack Obama spoke about the economy and payday lending, Thursday, March 26, 2015, at Lawson State Community College in Birmingham, Alabama.