UCI News

The Trump administration is making it easier for lenders to prey on people in the middle of a pandemic

Vox, Aug. 26, 2020

August 27, 2020

The Trump administration is making it easier for lenders to prey on people in the middle of a pandemic

It speaks to the risks of financial deregulation at large. “A lot of this regulation doesn’t get a lot of attention because it’s a delayed effect,” said Mehrsa Baradaran, a professor who specializes in banking law at the University of California Irvine. Once the situation becomes unsustainable to the point anyone really notices, it’s too late, which is what happened the last time around. “We’re like, what happened?