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Karrie Wright, a nurse at the United States Medical Center for Federal Prisoners in Springfield, Missouri, has been left to fend off an onslaught of creditors and bill collectors, by turning to small-dollar loans. nbcnews.to/2G2l19X (1/7)
Small-dollar and payday loan companies have seen a surge in their stock prices since the government shutdown on December 22. nbcnews.to/2HuUKU4 (2/7)
Prior to the shutdown, a 2018 Federal Reserve report found that 40% of Americans could not afford an unexpected expense of $400. nbcnews.to/2HuUKU4 (3/7)
“Low income borrowers are very vulnerable to payday loans… They may think they don’t have other options,” Deborah Goldstein, the executive vice president of the Center for Responsible Lending, said. nbcnews.to/2HuUKU4 (4/7)
Commerce Sec. Wilbur Ross in an interview with @CNBC pointed to loans as a way for federal workers to survive during the partial government shutdown. nbcnews.to/2HuUKU4 (5/7)
@CNBC “They were put in this position, and not because they weren’t doing their jobs… because of the distraction of this administration trying to make a political point,” Rep. T.J. Cox told @NBCNews. nbcnews.to/2HuUKU4 (6/7)
@CNBC “You’re worse off than you were, and every community in this country is going to have its own saga of woe that it went through when this is over,” Jim King, the CEO and president a financial advocacy organization, said. nbcnews.to/2HuUKU4 (7/7) #NBCNewsThreads
