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A report on a trend called 'payday' lending involving millions of Americans who take out small loans at rates that can reach 400 percent a year and more. Includes interviews with: Jim Blaine, chief executive, North Carolina's State Employees' Credit Union; Willie Green, a former...

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Bibliographic Details
Other Authors: Pelley, Scott, 1957- (Interviewer), Ebrahim, Margaret (Producer)
Format: Video
Language:English
Language Notes:In English.
Published: New York, NY : Columbia Broadcasting System (CBS), 2005.
Series:60 Minutes II
Subjects:
Payday loans > Law and legislation > United States.
Loans, Personal > Law and legislation > United States.
Television news programs.
Téléjournaux.
Online Access:Connect to this streaming video (Alexander Street Press)
Description
Summary:A report on a trend called 'payday' lending involving millions of Americans who take out small loans at rates that can reach 400 percent a year and more. Includes interviews with: Jim Blaine, chief executive, North Carolina's State Employees' Credit Union; Willie Green, a former football player who owns three payday stores; Ginny McCauley, former store manager for Advance America; and Roy Cooper, North Carolina's attorney general.
Physical Description:1 online resource (13 minutes)
Playing Time:00:12:03