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Proposed Payday Industry Regulations Must Strike Delicate Balance

The federal government is moving to reign in the payday loan industry, which critics say traps consumers in a damaging cycle of debt. A look at the possible effects of proposed regulations and what push back they might face.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.