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Group aims to stop 'predatory' payday loans in Michigan - Vimarsana News

Group aims to stop 'predatory' payday loans in Michigan

As inflation puts pressure on families, more may find themselves turning to payday loans for help. But some say the law allows predatory payday loans in Michigan, and that it needs to change.

Source: wxyz.com
Detailed text transcripts for TV channel - CNN - 20100324:10:41:00 - Vimarsana News

Detailed text transcripts for TV channel - CNN - 20100324:10:41:00

Helping 1.5 to 2 million people, half of the obama administration's target. he's saying that it set meaningless and unclear goals and believes the program will fall short of its goals and says the implementation was mismanaged because it put people in trial modifications so it can never move forward. now there are a lot of people at risk of redefaulting on the mortgage so they will still lose their homes. through february, 169,000 perm nept modifications have been done. 1.3 million people put in the trial modification that's may go nowhere. and the treasury says 40% are expected to redefault b...