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For Fact’s Sake: Payday loans are extremely costly

06:38

A Trump official is hurting the very people she is tasked with protecting. The head of the Consumer Financial Protection Bureau wants to scrap a lending rule meant to guard the most vulnerable Americans. For Fact’s Sake, Stephanie Ruhle breaks down how costly payday loans are – some with insane annual percentage rates pushing 400%. Weighing in: NYU Stern School of Business Professor Scott Galloway.