PBS Need to Know 2012 05 18 Payday Loans 480p HDTV x264-KarMa

Need to Know’s Stacey Tisdale travels to Missouri, where activists are collecting signatures for a ballot initiative that would cap payday loan rates at 36 percent. (Some now charge more than 400 percent.) Supporters of the measure say the measure would protect the poor from usurious loans. Opponents say it would hurt the very people it’s designed to help by denying them the only loans they can get.